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The Bank of Canada held its benchmark interest rate unchanged at 2.25 per cent on Wednesday as the Iran war entered its third month, leading to a continued fog of uncertainty over the global economy. This marks the fourth straight rate hold for the central bank since it delivered a 0.25 per cent cut in October 2025.The central bank cited a “volatile” global economy in its decision on Wednesday, with the war in Iran and U.S. trade policy as “ongoing sources of volatility.”“Financial conditions have been volatile, reflecting daily developments in the Middle East and shifting market expectations for inflation…

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