"The Bank of Canada said it was holding its key interest rate at 2.25 per cent on Wednesday. The bank was widely expected to look past the high cost of energy brought on by the war in Iran and hold rates."
The Bank of Canada announced it will keep its key interest rate at 2.25 percent. This decision comes amid expectations that the bank would overlook the rising energy costs resulting from the ongoing war in Iran. The bank's choice reflects a broader strategy to manage economic stability despite external pressures. Further updates on the situation are anticipated as developments unfold.
Read at www.cbc.ca
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