Bank of Canada Expected to Hold Key Rate as It Grapples With Iran War Shock

Bank of Canada Expected to Hold Key Rate as It Grapples With Iran War Shock
Bank of Canada Governor Tiff Macklem is seen during a news conference in Ottawa, on March 18, 2026. The Canadian Press/Adrian Wyld
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The Bank of Canada will share how it’s thinking about price pressures from the Iran war on Wednesday when it publishes a new monetary policy report and makes its next interest rate decision.

The central bank has held its benchmark rate steady at 2.25 percent in three consecutive decisions. Most economists aren’t expecting monetary policy-makers will break that streak this week.