The Bank of Canada’s head office in Ottawa
The Bank of Canada (BoC) has held its policy rate at 2.25% for the sixth consecutive meeting.
In a statement after the decision on July 15, the bank said growth was picking up and inflation was projected to ease gradually following a recent spike. However, it added that there were still “important risks and uncertainties” related to the war in the Middle East and US trade policy.
The closure of the Strait of Hormuz and the resulting spike in commodities prices contributed to annual headline
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