Bank of Canada Governor Tiff Macklem takes part in a press conference following the release of a Financial Stability Report in Ottawa, Ont., on May 8, 2025. Blair Gable/Reuters
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The Bank of Canada is maintaining its key interest rate at 2.75 percent, saying global tariff uncertainty remains high but Canada’s economy is showing “some resilience so far.”
“At this rate decision, there was clear consensus to hold our policy rate unchanged,” Bank of Canada Governor Tiff Macklem told reporters on July 30.
Matthew Horwood is a reporter based in Ottawa.
