Bank of Canada Holds Rates, Signals Easing Bias
After a series of rate cuts, the Bank of Canada opted to leave interest rates unchanged for a second consecutive time this morning, and Governor Tiff Macklem subtly communicated a bias toward further easing as officials wait to assess the impact that global trade tensions might have on growth and price pressures in the months ahead. As was widely expected, the overnight rate was left at 2.75 percent after seven consecutive cuts were delivered between June 2024 and March of this year, bringing the benchmark down from its peak at 5 percent. In the official statement setting out the decision,...