The Bank of Canada announced it is maintaining its policy rate at 2.25 percent, noting the resilience Canada’s economy has shown in the face of tariffs from the United States.
“Nevertheless, uncertainty remains high and the range of possible outcomes is wider than usual. If the outlook changes, we are prepared to respond,” Bank of Canada Governor Tiff Macklem said on Dec. 10.
Macklem said if inflation and economic growth in Canada remain in line with its October Monetary Policy Report, the current policy rate level would be at “about the right level” to keep inflation near 2 percent while helping Canada’s economy grow….