Why the Bank of Canada held its rate on April 16

The Bank of Canada left its benchmark interest rate unchanged Wednesday as it waits to get a clearer picture of how global trade uncertainty is going to impact the Canadian economy. The central bank held its policy rate steady at 2.75% the first time it has left the key rate unchanged following seven consecutive cuts since June.Holding steady at 2.75%
That decision arrived in the midst of the United States’ ever-shifting global trade war, and Bank of Canada governor Tiff Macklem made clear