Bank of Canada Holds at 2.75%, Keeps Door Open for More Cuts

The Bank of Canada left interest rates unchanged, citing the uncertainty posed by US tariffs, but kept the door open to more cuts if the economy weakens and inflation pressures stay in check.

Policymakers led by Governor Tiff Macklem held the benchmark rate at 2.75% on Wednesday. The pause was expected by markets and economists in a Bloomberg survey, and marks the third consecutive meeting that officials have held borrowing costs steady.