The Bank of Canada is keeping its key interest rate the same for the second time this year.
In its first rate announcement since Prime Minister Carney’s snap election win, Canada’s central bank revealed this morning that it would be holding the key interest rate at 2.75 per cent, despite the country’s increasing core inflation.
The big bank also held the rate steady in April, and says it’s doing so as it gains more information on U.S. trade policy and its impacts.
