Bank of Canada Likely to Hold Rates Amid Trade Tension

The Bank of Canada is likely to hold interest rates steady on Wednesday as officials wait for clearer signals on how much damage the economy may yet absorb from shocks in US trade policy.

Markets and economists surveyed by Bloomberg expect Governor Tiff Macklem and his council to keep the policy rate at 2.25% for a second straight meeting — the lower bound of the bank’s estimated neutral range.