BoC held its rate on June 4—here’s why Jun 4th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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The Bank of Canada (BoC) held its benchmark interest rate steady at 2.75% Wednesday, June 4, as policymakers keep waiting for more clarity on how tariffs will impact the economy.

“Uncertainty remains high,” Bank of Canada governor Tiff Macklem said in prepared remarks after the release of the rate decision. “At this decision, there was a clear consensus to hold policy unchanged as we gain more information.”

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The news we were expecting, considering the tariffs

Economists and financial markets widely expected the second consecutive hold…

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