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Bank of Canada holds key interest rate at 2.25% amid Iran war, U.S. uncertainty
VIDEO: The Bank of Canada is holding its key interest rate at 2.25 per cent, in a move widely anticipated by economists. But as the war in Iran rages on, uncertainty over the central bank’s future path is much less clear. Today, bank governor Tiff Macklem said between the rising cost of energy and the dilemma with the U.S., referring to the trade war, Canada’s economy remains soft.
