Bank of Canada Maintains Interest Rates Amid Economic Resilience Despite Tariffs
The Bank of Canada has decided to keep its key policy rate steady at 2.25%, as announced on Wednesday. Governor Tiff Macklem highlighted the resilience of the Canadian economy despite facing significant tariffs from the U.S. on sectors such as cars, lumber, aluminum, and steel. The Canadian economy showed unexpected strength with a 2.6% annualized GDP growth in the third quarter and the addition of 181,000 jobs between September and November. Macklem noted that while the economy is adjusting to these tariffs, the broader economic impact has been limited. The Bank of Canada remains prepared to respond if the economic outlook changes, maintaining a cautious stance on future rate adjustments. 
