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<\/source><\/source><\/source><\/source><\/source><\/picture>Bank of Canada governor Tiff Macklem.<\/span> Photo by Peter J Thompson\/National Post<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n\nArticle content<\/h2>\n The Bank of Canada would have held its policy rate at three per cent in March in the absence of trade uncertainty with the United States, according to a summary of deliberations leading up to the decision released by the central bank on Wednesday.<\/p>\n<\/section>\n\nArticle content<\/p>\n<\/section>\n\nArticle content<\/p>\n
\u201cWhile members (of the governing council) expressed some differences on how the unexpected economic strength in the second half of 2024 influenced their assessment of risks, there was general agreement that the new data had shifted the balance, with somewhat less risk of lower inflation outcomes,\u201d the summary said. \u201cThey agreed that, in the absence of tariff threats and elevated uncertainty, the decision would probably have been to maintain the policy interest rate at three per cent.\u201d<\/p>\n<\/section>\n
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