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International Business Times
International Business Times
Business

Canada Central Bank Holds Rate Steady Citing US Tariff 'Threats'

Donald Trump United States Canada Tiff Macklem Mark Carney G7 Bank of Canada
Canada Central Bank Governor Tiff Macklem at a G7 meeting in May, 2025 (Credit: AFP)

Canada's central bank held its key lending rate at 2.75 percent on Wednesday, as the major US trading partner confronts economic uncertainty two days before President Donald Trump's latest tariff deadline.

Canada remains uniquely vulnerable to Trump's trade war given the deep, broad ties between the neighboring economies.

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