Bank of Canada to Maintain Rates Amid Oil Price Shock
The central bank is set to keep its benchmark rate at 2.25 percent today. Policymakers will update growth forecasts following the recent oil price shock.
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Canada will likely hold its benchmark interest rate at 2.25% on Wednesday morning. This marks the Bank of Canada's first set of projections since the Iran war began on February 28. Investors are gauging if higher energy costs will force a hawkish shift despite broader economic weakness.
