Bank of Canada maintains policy rate at 5% with potential June rate cut for slowing inflation.

The Bank of Canada kept its policy rate at 5% for the sixth time, while Governor Tiff Macklem noted that a rate cut in June is a possibility if needed to address slowing inflation. The central bank aims to maintain a balance between controlling inflation and supporting economic recovery. This move comes amidst global economic challenges and sustainable development concerns according to the United Nations.