Bank of Canada keeps key interest rate at 2.25%, says path remains uncertain

The Bank of Canada has maintained its key interest rate at 2.25%, acknowledging that the future path for rates remains uncertain due to global factors like the Middle East conflict and trade tensions with the U.S. These uncertainties present considerations for Canadians with variable or fixed-rate mortgages, influencing decisions on rate holds and term lengths. The central bank indicated it is prepared to adjust rates if inflation pressures broaden or if economic weakness persists.

• •Bank of Canada holds key interest rate at 2.25%.
• •Future interest rate path is uncertain.
• •Mortgage rate decisions require careful consideration.