Bank of Canada holds key rate at 2.25% as tariffs, Iran war cloud outlook

The Bank of Canada held its benchmark interest rate steady again as new U.S. tariffs and the ongoing war in Iran cloud the central bank’s outlook.

The U.S.-Canada trade dispute and the descent into a retaliatory tariff blitz complicated the job for the Bank of Canada in its Wednesday decision.

The Bank of Canada held its benchmark interest rate steady on Wednesday at 2.25 per cent, in a move widely expected by economists.

Bank of Canada expected to hold the line on 2.25% key interest rate Wednesday  Toronto Star

The Bank of Israel's Monetary Committee lowered the interest rate on Tuesday. The rate was previously lowered in July, when the BoI decided to cut the rate from 3.75% to 3.5%.

Former Trump Senior Economic adviser Stephen Moore is on Bloomberg This Weekend and says inflation remains too high for the Federal Reserve to cut interest rates, breaking with President Donald Trump’s repeated calls for lower borrowing costs and arguing the central bank should hold rates steady for now. Moore also war