Bank of Canada holds key interest rate steady at 2.75% [Video]

The Bank of Canada held its benchmark interest rate steady at 2.75 per cent as policymakers keep waiting for more clarity on how tariffs will impact the economy. Bank of Canada governor Tiff Macklem noted there have been positive developments on the tariff front since the central bank’s April decision, but trade restrictions remain and new import duties are still being threatened.

The Canadian Press