[US-Canada Trade War Stalemate, Bank of Canada Likely to Hold Rates Steady for the Seventh Consecutive Time] BlockBeats News, September 1: Due to the escalation of US-Canada trade tensions and rising energy prices, the market widely expects the Bank of Canada to keep its benchmark interest rate unchanged at 2.25% this Wednesday, marking the seventh consecutive time the bank has "held steady." Currently, the United States has imposed a 50% tariff on approximately $20 billion worth of Canadian goods, while Canada plans to impose retaliatory tariffs on certain US goods starting September 8. At the same time, driven by rising oil prices, Canada's overall inflation rate has climbed to 3%, the highest since 2023, putting the Bank of Canada in a "stagflation dilemma" of "tariffs suppressing the economy, energy driving up inflation." Although Canada's annualized GDP growth rate rebounded to 3.3% in the second quarter, and over 180,000 jobs were added between May and July, the trade war has led about two-thirds of surveyed economists to lower their expectations for corporate investment. The market currently widely anticipates that the Bank of Canada's next rate hike may not occur until the first half of 2027. [Original Link]