Bank Of Canada keeps interest rates unchanged amid tariff uncertainty

NAMPA / DPA

2025-04-16

New York (dpa-AFX) - Following a series of interest rate cuts over the past several months, the Bank of Canada on Wednesday announced its widely expected decision to leave interest rates unchanged. The Canadian central bank said in Ottawa that it decided to maintain its target for the overnight rate at 2.75%, with the bank rate at 3% and the deposit rate at 2.70%. The accompanying statement noted increased uncertainty due to the major shift in d......

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