Benchmark Rate holds steady at 2.75% The Bank of Canada has kept its overnight interest rate target at 2.75 per cent. It is the second straight meeting the Bank has kept rates on hold after a string of decreases amounting to 225 basis points over the last nine months. It is a guarded step amidst ongoing economic uncertainties, notably those relating to U.S. trade policies. The Bank subsequently stated that “bilateral trade negotiations have been initiated with several countries; but... [read more]