Bank of Canada Sees No Clear Rate Path Amid Tariff and Oil Risks

Bank of Canada officials discussed a “range of views” on the most likely path for interest rates last month, weighing various possible outcomes of the Iran war and a review of the North American trade agreement.

Policymakers ultimately held the policy rate at 2.25% at their April meeting, arguing that borrowing costs were “appropriate” given their outlook for the economy and inflation.