Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s monetary policy decision. Today, Governing Council held the policy interest rate at 2.75%. This decision reflects three main considerations. First, uncertainty about US tariffs on Canada is still high. Discussions between Canada and the United States are ongoing, and US policy remains unpredictable. Second, while US tariffs are disrupting trade, Canada’s economy is showing some resilience so far. Third, inflation is close to our 2% target, but we see evidence of underlying inflation pressures. Today’s interest rate ... (full story)