Canadas record trade deficit, BoCs rate pause and Trump doubles steel and aluminium tariffs: Business and investing stories for the week of June 8 [Video]

Getting caught up on a week that got away? Here’s your weekly digest of The Globe’s most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more.

The Bank of Canada held its key interest rate steady at 2.75 per cent for the second consecutive time, citing “unusual uncertainty” around inflation and continuing trade tensions with the United States. The decision to remain paused followed higher-than-expected inflation last month.

Governor Tiff Macklem said in a press conference after the rate announcement that U.S. trade policy remains the “biggest headwind” facing Canada – and that the trajectory of the economy, inflation and interest rates depends heavily on what happens with tariffs. He said there was consensus among the bank’s seven-member governing council in favour of holding interest rates steady, but a “diversity of views” about where interest rates should go from here. Markets are pricing in between …