Canada holds rates amid potential energy shock and jobs downturn
Governor Macklem says sustained higher prices would warrant monetary response
The Bank of Canada (BoC) has held its benchmark interest rate at 2.25% for a third consecutive meeting.
In a press conference following the decision today (March 18), governor Tiff Macklem said: “The Canadian economy continues to face heightened uncertainty related to US trade policy and geopolitical risks. Now the war in Iran has added a new layer of uncertainty.”
The decision had been widely anticipated by economists. Sal Guatieri, director and senior economist at BMO Capital Markets, said
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