The Bank of Canada is preparing to announce its decision on the key interest rate

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The Bank of Canada must announce its sixth interest rate decision this Wednesday. The majority of economists and markets anticipate that the central bank will maintain its current key interest rate of 2.25%, which has been in effect since the end of last year. This decision comes amid economic uncertainty, marked by US tariffs and the surge in global energy prices following the conflict in Iran. Although inflation reached 3% in July, the economy and the labor market are showing signs of recovery despite trade tensions.