From Global News.
Bank of Canada gov. Tiff Macklem will hold a press conference after central bank decided to hold interest rates steady as U.S. President Donald Trump’s trade war with Canada intensifies.
The central bank held its benchmark rate at 2.75 per cent on Wednesday, ending a streak of seven consecutive rate cuts.
Overall inflation eased for Canadians in March, but the end of the GST/HST holiday and Trump’s trade war continues to stress consumers in Canada. Statistics Canada said Tuesday that the annual pace of inflation cooled to 2.3 per cent in March, compared to 2.6 per cent the month before.
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