{"id":727668,"date":"2026-06-10T14:51:12","date_gmt":"2026-06-10T14:51:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/727668\/"},"modified":"2026-06-10T14:51:12","modified_gmt":"2026-06-10T14:51:12","slug":"bank-of-canada-holds-interest-rates-steady-amid-turbulent-economy-national","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/727668\/","title":{"rendered":"Bank of Canada holds interest rates steady amid turbulent economy – National"},"content":{"rendered":"

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The kept interest rates<\/a> unchanged on Wednesday, keeping it at 2.25 per cent after a turbulent period of economic data.<\/p>\n

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This is the fifth consecutive rate hold by the central bank since it last cut borrowing rates in Canada in October 2025.<\/p>\n

In a statement, Governor Tiff Macklem highlighted the four-month long conflict in the Middle East pushing up energy prices and disrupting global supply chains.<\/p>\n

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U.S. tariffs was also underscored as a source of \u201celevated\u201d uncertainty as the U.S. administration continues proposing new tariff policies<\/a> that may further impact the Canadian economy.<\/p>\n

\u201cGoverning Council decided to maintain the policy rate at 2.25 per cent,\u201d Macklem said in the statement.<\/p>\n

\u201cEconomic activity in Canada has been weak and uncertainty about U.S. trade policy persists. The conflict in the Middle East is ongoing and oil prices remain elevated.\u201d<\/p>\n

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Although the Iran war has resulted in higher prices at gas pumps, Macklem said, \u201cthere has been limited evidence of broad-based pass-through of higher energy prices to other consumer prices.\u201d<\/p>\n

Macklem also said in the statement that food price inflation \u201cremains high,\u201d but has also moderated.<\/p>\n

\u2013 more to come<\/p>\n

\n\t\t&copy 2026 Global News, a division of Corus Entertainment Inc.\t<\/p>\n","protected":false},"excerpt":{"rendered":"Descrease article font size Increase article font size The kept interest rates unchanged on Wednesday, keeping it at…\n","protected":false},"author":2,"featured_media":727669,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[52,45,49,48,46,9316],"class_list":["post-727668","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bank-of-canada","tag-business","tag-ca","tag-canada","tag-economy","tag-interest-rates"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/727668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=727668"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/727668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/727669"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=727668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=727668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=727668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}