According to reports from Wu, the Bank of Canada stated in the minutes of its monetary policy meeting on June 4, 2025, that the global economy has shown resilience against the backdrop of U.S. tariff adjustments. Although the U.S.-China trade war has eased somewhat, overall U.S. tariffs have risen significantly, and trade policies remain unpredictable. The Governing Council decided to maintain the policy rate at 2.75% and indicated that it will continue to carefully assess the interest rate path in the future based on the direction of U.S. trade policy and its impact on the Canadian economy and inflation.