The Bank of Canada held its benchmark rate at 2.75 per cent on Wednesday, ending a streak of seven consecutive rate cuts, as Canada grapples with a trade war.

Canada’s central bank has cut interest rates for a sixth consecutive time as inflation remains around two per cent and the threat of U.S. tariffs looms.

The Bank of Canada lowered its key interest rate by half a percentage point today but signalled a slower pace of rate cuts moving forward.