Bank of Canada Expected to Maintain Rates at 5% Amid Economic Uncertainty
Anticipation of Rate Freeze Following Second-Quarter Economic Contraction
Recent Rate Hikes and Persistent Inflation
Balancing Act: The Bank’s Hawkish Stance
Canada’s Liberal Prime Minister Justin Trudeau has faced dwindling public support, primarily due to high inflation.
Market Response and Future Expectations
This decision holds significant implications for Canada’s economic stability and the ongoing battle against inflationary pressures.