The Bank of Canada is set to deliver an interest rate decision on Wednesday. Bank of Canada Governor Tiff Macklem is seen during a news conference, in Ottawa, Wednesday, June 4, 2025. THE CANADIAN PRESS/Adrian Wyld

Bank of Canada widely expected to hold key rate steady amid trade uncertainty

by The Canadian Press July 28, 2025

written by The Canadian Press July 28, 2025

By Craig Lord Avery Shenfeld doesn't think the Bank of Canada will cut its benchmark interest rate at its decision on Wednesday, but if it does, he said it will be a "pleasant surprise." "There's always a chance that they'll surprise with the rate cut," the chief economist of CIBC said. "But I'm not...

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Bank of Canada widely expected to hold key rate steady amid trade uncertainty

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