Bank of Canada holds interest rates steady as Trump tariffs remain threat to economy

After four quarter interest rate cuts in 2025, the Bank of Canada has ended the year with a hold and signalled that rates are going to stay at 2.25 per cent for some time to come. Bank of Canada Gov. Tiff Macklem said Wednesday that U.S. President Donald Trump’s tariffs make the economy less efficient and that more tariffs from the U.S. could be an issue. Mackenzie Gray has more.