India, June 4 -- The Bank of Canada on Wednesday announced its widely expected decision to leave interest rates unchanged for the second consecutive meeting.
The Canadian central bank said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
"With uncertainty about US tariffs still high, the Canadian economy softer but not sharply weaker, and some unexpected firmness in recent inflation data, Governing Council decided to hold the policy rate as we gain more information on US trade policy and its impacts," the Bank of Canada said.
The bank added, "We will continue to assess the timing and strength of both the downward pressures on inflation from a w...