What the Bank of Canada’s decision to press pause on interest rates means for the economy

The Bank of Canada decided Wednesday to hold its key interest rate steady at 4.5 per cent, but made it clear it’s still prepared to raise rates further depending on inflation. As Anne Gaviola reports, the decision to press pause on interest rate hikes contrasts with what’s expected in the U.S. – and what happens across the border could impact prices in Canada.