"Central Banks Maintain Interest Rates Amid Economic Uncertainty"
The Bank of Canada has decided to maintain its key interest rate at five percent, citing the need for more time before considering a rate cut despite easing inflation and a weakening economy. Enbridge Inc. plans to invest around US$500 million in expanding its business in the U.S., including the growth of its export terminal in Texas and an expansion of its Gray Oak pipeline. Meanwhile, Federal Reserve Chair Jerome Powell reiterated the central bank's cautious approach to cutting interest rates until they are confident in overcoming inflation. Additionally, Canada's pension funds are being urged by top business executives to increase their investments in domestic assets.
