Bank of Canada keeps interest rate steady at 2.25% amid U.S. tariffs and Iran war

Canada September 03, 2026 01:04 PM

The Bank of Canada is holding its key interest rate steady at 2.25 per cent. In his announcement, Governor Tiff Macklem said the bank is navigating two key risks: the trade dispute with the U.S. and the continuing conflict in the Middle East. Vancity’s chief economist Judith Bosire joins the CBC's Janella Hamilton to talk about the seventh straight time the central bank has held the rate steady.

Bank of Canada keeps interest rate steady at 2.25% amid U.S. tariffs and Iran war

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