From Global News.

The Bank of Canada held its benchmark interest rate steady at 2.25 per cent on Wednesday, as the Iran war entered its third month, leading to a continued fog of uncertainty over the global economy.

Bank of Canada Governor Tiff Macklem is expected to speak to the media following the decision on Wednesday morning.

This marks the fourth straight rate hold for the central bank since it delivered a 0.25 per cent cut in October 2025.

The central bank cited a "volatile" global economy in its decision on Wednesday, with the war in Iran and U.S. trade policy as "ongoing sources of volatility."

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