Bank of Canada Holds Key Rate at 5% Governor Macklem Cautious on Inflation

In a cautious move, the Bank of Canada keeps its key lending rate steady at 5%. Governor Tiff Macklem emphasizes vigilance amid ongoing inflation concerns. Economists eye potential rate cuts by summer, but the Bank remains wary of setting precise timelines. A lesson learned from past inflation surprises! Stay tuned for more updates on Canada's economic landscape.