Bank of Canada has an interest rate of 2.75%

Bank of Canada on Wednesday kept its interest rate at 2.75 percent – predicting before the decision with economists.

The central bank says that the Canadian economy is indicating flexibility in front of tariffs from the United States, but the US trade policy is unexpected.

This global tariff comes after the bank is chosen to keep the rates in April and June citing uncertainty.

Bank of Canada Governor TIFF McCalem said that the deals between the US and other world powers in recent weeks have reduced the risk of “serious and growing” global trade war, and so far the impact has been basically less serious than fear.

However, with a tough competition by tariffs to some areas, McCalem said that challenges remain.

more to come