Bank of Canada holds key interest rate at 2.25 per cent
Amid global uncertainty, the Bank of Canada is leaving its benchmark interest rate at 2.25 per cent.
The central bank bank notes the economy was softer than expected in the first quarter of the year but global oil prices are also staying higher than initially anticipated, which could keep the annual rate of inflation near three per cent for the next few months.
The Bank of Canada is expecting to see a rebound in economic growth on the horizon, although cautioning that uncertainty is high around the war in Iran.
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