OTTAWA — Signs of resilience in the Canadian economy were enough for the Bank of Canada to leave its benchmark interest rate unchanged Wednesday, but the spectre of U.S. trade uncertainty continues to cast a shadow over the central bank’s decisions.
The central bank’s policy rate remains at 2.75 per cent after a third consecutive hold.
With a backdrop of considerable trade uncertainty, Canada’s economy has yet to deteriorate sharply in the face of U.S. tariffs and underlying inflation is showing some stubbornness.
Bank of Canada governor Tiff Macklem said the economy is showing “some resilience” so far.
But he said that if the economy weakens more and price
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