Bank of Canada expected to hold interest rates at 2.25%

6 articles · Updated · Reuters · Apr 27

The central bank is set to announce its decision on April 29, following a recent rise in annual inflation to 2.4% in March due to higher oil prices from the Iran war.
Economists believe the oil shock’s impact on inflation is temporary, so no immediate rate hike is needed, though money markets anticipate a possible increase later this year.
The Bank of Canada will update its economic forecasts and focus on wage growth, while fiscal policy is expected to play a key role in addressing the oil shock’s effects.

If rate hikes won't fix gas prices, what tools can Canada use to fight this oil shock?

By holding interest rates, is Canada risking a much larger inflation problem down the road?

Is the Bank of Canada underestimating the inflationary threat from the ongoing Iran war?

How will the outcome of the Iran war ultimately shape the future of Canadian interest rates?

Can Canada's economy recover if its productivity keeps falling further behind the United States?