Canada's central bank cited concerns about both the global economy and the domestic economic environment.

Governor Stephen Poloz has raised the benchmark five times since the summer of 2017 and he's instructed Canadians to prepare for an eventual era of three per cent interest rates.

Bank of Canada leaves its key rate unchanged, as expected, at 1.75 per cent.

One-third of debtors now say rising rates could move them toward bankruptcy, a recent MNP survey found. Meanwhile, delinquency rates are up among seniors, according to Equifax.

The central ban, has been incorporating into its projections the fallout of U.S. steel and aluminum tariffs as well as retaliatory measures by Canada and others.

A growing number of Canadians are worried rising interest rates could impact their ability to repay their debts, according to a new poll.

There was a mixture of good and bad news on Tuesday morning from Canada's parliamentary fiscal watchdog.

"Canadian homeowners are prepared."

The recent drop in the number of home sales in the Greater Toronto Area isn't expected to last long, he added.

And half worry about how declining home prices would affect homeowners.