Bank of Canada Expected to Hold Rates at 2.25 Percent

The Bank of Canada is expected to keep its key policy rate at 2.25 percent. Strong second quarter growth provides room to wait as new trade tensions with the United States create uncertainty.

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A view of the Bank of Canada building in Ottawa, Ontario, Canada May 8, 2025. REUTERS/Blair Gable

Canada is widely expected to keep its key policy rate unchanged at 2.25% on Wednesday as strong economic growth offers a buffer against escalating trade tensions with the United States.

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