The Bank of Canada held its interest rate at 2.75 per cent on Wednesday, citing resilience in the economy despite the ongoing global trade war brought on by the U.S.

The Bank of Canada (BoC) is hitting the brakes on any further hikes and announced that it plans to hold the key interest rate steady.

Today, the Bank of Canada maintained its key interest rate at 2.75 per cent — the same level it’s been since March — citing the continued lack of clarity around tariffs and the outcome of Canada-U.S.