Bank of Canada Likely to Hold as Oil Shock Hits

The Bank of Canada is likely to hold interest rates steady as officials weigh the inflationary impact of the war in Iran against the economic damage wrought by US tariffs.

Markets and economists in a Bloomberg survey expect Governor Tiff Macklem and his council to hold the benchmark interest rate at 2.25% on Wednesday. That would mark the fourth consecutive meeting at which they’ve left borrowing costs unchanged.