Toronto, Canada, April 29, 2026 (AFP) - Canada holds key rate steady, says will act if war inflation persists

NAMPA / AFP

2026-04-29

Canada's central bank held its key lending rate at 2.25 percent on Wednesday, but warned it may need to act if inflation caused by the Middle East war persists. "The Iran war has led to sharply higher energy prices and transportation disruptions, diminishing growth prospects in oil-importing countries and boosting inflation worldwide," the Bank of Canada said in a statement. The bank reiterated that it would continue "looking through the war's im......

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