Text of the Bank of Canada’s latest interest rate decision

News Snapshot:

OTTAWA — The Bank of Canada held its policy interest rate at 2.75 per cent on Wednesday. Here is the text of the central bank's decision: ——— The Bank of Canada today maintained its target for the overnight rate at 2.75 per cent, with the Bank Rate at three per cent, and the deposit rate at 2.7 per cent. Since the April Monetary Policy Report, the U.S. administration has continued to increase and decrease various tariffs. China and the United States have stepped back from extremely high tariffs and bilateral trade negotiations have begun with a number of countries. However,...