Bank of Canada holds steady with its key interest rate

The Bank of Canada is hitting pause after seven straight interest rate cuts as it grapples with global trade uncertainty.  The central bank held its benchmark interest rate steady at 2.75 per cent on Wednesday, the first time it has foregone a cut since last June.  Governor Tiff Macklem says the Bank of Canada kept the key rate unchanged to give the central bank more time to see how the U.S. tariff situation will impact the economy.