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Bank Holds Rates Amid Global Turmoil | Canada News
Description
The Bank of Canada holds rates steady at 2.25% for the seventh straight time, as global turbulence—rising energy prices from Iran and U.S. tariffs—threatens inflation and economic momentum. Governor Tiff Macklem warns these external shocks could dampen growth, even as July inflation climbed to 3%. While Canada’s economy showed strong Q2 growth, the central bank remains cautious, watching closely and ready to act if conditions shift.
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