Bank of Canada keeps key interest rate at 2.25% as it tries to balance competing economic risks

The central bank was largely expected to hold its benchmark rate at 2.25 — a fifth consecutive hold. Bank of Canada governor Tiff Macklem said the decision to stay on pause was made in effort to balance inflation threats from high oil prices, and sluggishness in the economy brought on by the uncertainty of the trade war with the U.S.

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