This is the first pause after 7 consecutive monthly cuts
This is the first pause after 7 consecutive monthly cuts
Thomson Reuters ·
Bank of Canada deputy governor Toni Gravelle says the central bank expects quantitative tightening to end sometime in 2025. The Bank of Canada building is shown in Ottawa on Wednesday, Sept. 6, 2023. (Adrian Wyld/The Canadian Press)
The Bank of Canada on Wednesday held its key policy rate at 2.75 per cent, its first pause after seven consecutive cuts, and said the uncertainty around U.S. tariffs made it impossible to issue regular economic forecasts.
