Bank of Canada leaves key rate unchanged

The Bank of Canada announced what everyone was expecting: it is keeping its benchmark interest rate unchanged once again. Bank of Canada Governor Tiff Macklem says that’s because the economy is still grappling with global uncertainty, but there may be light at the end of the tunnel. Ongoing trade talks with the United States and risks surrounding the war in Iran remain top concerns. However, Bank officials say they are growing more confident that the economy is working through those challenges.