Toronto, Canada, March 18, 2026 (AFP) - Canada central banks holds rate steady, says war will raise inflation

NAMPA / AFP

2026-03-18

Canada's central bank held its key lending rate at 2.25 percent on Wednesday, but warned the Middle East war will cause an inflation spike that may require action. The decision marked the third consecutive hold by the Bank of Canada, which has said it wants to keep rates steady while the future of US-Canada trade is clarified. But the war in the Middle East triggered by US and Israeli strikes on Iran has injected fresh uncertainty into Canada's e......

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