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

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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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