The central bank pointed to "unexpected firmness" in inflation data, resilience of economy in decision to hold rate steady
Governor Tiff Macklem signals openness to rate cuts if trade tensions hurt growth
The central bank is expected to hold rates on Wednesday, but some economists say there are "psychological" reasons for a cut
Consumer prices rose just 2.1% in April compared with a year earlier, down from 2.3% in March
Seven priorities outline focus on affordability, economic growth and trade
The unemployment rate held at a healthy 4.2% in April
Core inflation accelerated to top 3% in April, despite a drop in headline CPI
Economists cut global growth outlook to 2.4% in 2025
Producer price index falls 0.5% in April, with tariffs impact expected to show up starting in June
Prescribed rate for the third quarter to decrease by one percentage point — to 3%