The Bank of Canada is leaving its key interest rate unchanged, in an effort to balance domestic economic improvement with an expanding global slowdown caused by trade conflicts.
The decision keeps the interest rate at 1.75 per cent for a sixth-straight meeting as the country continues to rebound from a weak stretch in late last year and early this year.
The central bank says in a statement that the economy appears to be returning to growth, but adds — quote — “the outlook is clouded by persistent trade tensions.”
