The Bank of Canada has maintained its key interest rate at 2.25 per cent, and despite continued uncertainty over U.S. trade restrictions and elevated geo-political risks, the forecast for economic growth hasn’t changed significantly since October.

Bank of Canada Governor, Tiff Macklem says while they’re forecasting modest growth in the Canadian economy, the “range of possible outcomes is wider than usual.”

“With heightened uncertainty, we are monitoring risks closely. If the outlook changes, we are prepared to respond.”