Central bank held rates for the third straight time, keeping the overnight rate at 2.75%.
Decision follows rising inflation (1.9%) and a strong job report (+83,800 jobs), reducing the likelihood of a cut.
Ongoing U.S.–Canada trade tensions under Trump’s tariffs are creating uncertainty and upward inflation risks.
Scotiabank and RBC predict no more cuts in 2025, while others still expect easing later this year.
Next policy meeting is Sept 17 – eyes now on whether the economy slows or trade chaos worsens.
