OTTAWA — The Bank of Canada held its benchmark interest rate steady for a fourth consecutive time Wednesday, but officials warned uncertainty over the war in Iran and the future of U.S. tariffs could push the policy rate either higher or lower in the coming months.
The policy rate remains at 2.25 per cent after the hold, which was widely expected by economists.
Bank of Canada governor Tiff Macklem spoke after the rate announcement, where he offered rare insight into the variety of directions the policy rate could go from here.
Macklem said the key rate is probably at about the right level if the economy follows the central
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