BoC holds interest rate to 2.75% amid trade war’s grip on economy
The Bank of Canada kept its key interest rate at 2.75% for the third consecutive time, balancing trade-related economic uncertainty with signs of resilience such as stable employment. Governor Tiff Macklem said holding the rate reflects ongoing inflation pressures and cautious optimism, though he left the door open to cuts if growth weakens further. The decision offers stability for homebuyers, with some early signs of renewed confidence in Ontario and B.C. markets, but developers and industry advocates criticized the move as overly conservative, warning it could worsen housing construction slowdowns amid high costs, tariffs, and recession risks.
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