"The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The major shift in direction of US trade policy and the unpredictability of tariffs have increased uncertainty, diminished prospects for economic growth, and raised inflation expectations...” (Bank of Canada, 2025)
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Bank of Canada. (2025, April 16th) Bank of Canada holds policy rate at 2.75%. Available from The Bank of Canada: https://www.bankofcanada.ca/2025/04/fad-press-release-2025-04-16/
Published on April 17, 2025