Bank of Canada Maintains Policy Rate at 2.25% Amid Global Uncertainty

The Bank of Canada today held its target for the overnight rate at 2.25%, a decision widely anticipated by markets. The central bank cited ongoing uncertainty stemming from the Middle East conflict and US trade policy as key factors. Its Monetary Policy Report, released concurrently, indicated that CPI inflation climbed to 2.4% in March due due to higher gasoline prices, while projecting 1.2% GDP growth for 2026.