The Bank of Canada held its overnight interest rate steady at 2.25 per cent on Wednesday in a move widely expected by economists. The announcement comes amid ongoing trade uncertainty, with increased focus on the negotiation of the Canada-U.S.-Mexico Agreement and a murky outlook for the Canadian economy later in the year. Ahead of the announcement, economists polled by Reuters were unanimous in their expectations for a hold today, and nearly 75% forecast the central bank will stay on hold through 2026. In its December decision the Bank also held its policy rate stable. …“While this rate hold provides some stability, other factors such as economic uncertainty, potential job loss and affordability are continuing to put downward pressure on the housing market,” Rates.ca mortgage and real estate expert Victor Tran said in a statement following today’s decision.”