President Kim Brooks, Dr. Pat Croskerry appointed to Order of Canada - Dalhousie University

The Bank of Canada held its policy rate constant at 2.25 percent last week, meeting market expectations. But if not for developments on the trade front, the economic data could well have pointed toward a hike. With the breakdown in Canada-US trade negotiations and the resulting economic uncertainty, the Bank had little choice but to hold. To see how powerfully the trade story influenced that decision, consider the case for a hike had negotiations not broken down.