Bank of Canada keeps interest rates steady amid geopolitical strife

Once again, the Bank of Canada is holding its key interest rate, the overnight rate, steady at 2.25 per cent.The bank rate is 2.5 per cent, and the deposit rate is 2.2 per cent.The Bank hasn't adjusted interest rates since October 2025, and rationalized its announcement on Wednesday morning by pointing to the ongoing war in Iran, which continues to keep energy prices high, new American tariffs on Canadian goods, and the breakdown of trade talks between the two countries.Canadian economic activit