Canada’s record trade deficit, BoC’s rate pause and Trump doubles steel and aluminium tariffs: Business and investing stories for the week of June 8

Canada’s record trade deficit, BoC’s rate pause and Trump doubles steel and aluminium tariffs: Business and investing stories for the week of June 8

Getting caught up on a week that got away? Here’s your weekly digest of The Globe’s most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more.

Bank of Canada holds key interest rate at 2.75%, cites ‘unusual uncertainty’

Bank of Canada Governor Tiff Macklem said on Wednesday there was consensus among the governing council members to hold rates steady.

The Bank of Canada held its key interest rate steady at 2.75 per cent for the second consecutive time, citing “unusual uncertainty” around inflation and continuing trade tensions with the United States. The decision to