Montreal, Jan 28, 2026 (AFP) - Bank of Canada holds key rate at 2.25 percent, warns of 'unpredictable' US

NAMPA / AFP

2026-01-28

Canada's central bank held its key lending rate at 2.25 percent on Wednesday, in a widely expected move, while warning that the economy remains "vulnerable to unpredictable US trade policies." After a series of cuts beginning in 2024, the Bank of Canada has indicated it wants to keep rates unchanged for as long as possible, in part to assess the impacts of President Donald Trump's tariffs. Trump's protectionism has sparked a "structural change" i......

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