Bank of Canada Holds Rate at 2.25%

BoC kept the key policy rate at 2.25% as inflation stayed near the 2% target and growth remained subdued.
Minutes said the council can be patient now but may act quickly if inflation broadens due to oil price shocks from the Iran war.
Governor Tiff Macklem warned possible consecutive rate hikes if higher crude prices, supply bottlenecks, or exchange‑rate pressures intensify.
The policy outlook depends on U.S. trade policy and USMCA uncertainties affecting the Canadian economy.