Bank of Canada Poised to Hold Rate at 2.25% as Future Moves Hinge on USMCA Talks
The Bank of Canada is widely expected to leave its policy rate at 2.25% at its Wednesday decision, while economists and money markets diverge on the path for monetary policy through 2026. The central bank's future actions hinge in part on renegotiations of the US-Mexico-Canada trade pact and the lingering effects of U.S. tariffs on certain sectors.