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Bank of Canada holds key rate at 2.25%, warns on war-driven inflation

Bank of Canada kept its policy rate unchanged, warning it may act if inflation from the Middle East conflict continues.

Published Apr 29, 2026, 11:40 AM EDT | WFMZZ

Canada's central bank left its key lending rate unchanged at 2.25% on Wednesday. It cautioned that it may need to take action if inflation caused by the Middle East war persists.