(Kitco News) – The Bank of Canada (BoC) maintained its key overnight rate at 2.25% on Wednesday, as expected, but warned that the outlook is unpredictable due to U.S. trade policies and geopolitical risks. The bank rate stayed at 2.50% and the deposit rate remained at 2.20%.The Canadian dollar shot to session highs in the minutes after the release, but quickly returned to its prior level within 15 minutes of the announcement. USD/CAD last traded at 1.3556 per U.S. dollar, down 0.15% on the session.
