Bank of Canada minutes released Wednesday said policymakers left the policy rate at 2.25% on June 10 — the fifth straight pause — citing a weak economy and little evidence that recent oil-price increases have passed through to other goods and services. Six senior decision-makers led by Governor Macklem agreed the hold balanced upside inflation pressure against economic weakness; the minutes noted Canada has unexpectedly recorded two consecutive quarters of contraction. The minutes said: In respo

Bank of Canada minutes released Wednesday said policymakers left the policy rate at 2.25% on June 10 — the fifth straight pause — citing a weak economy and little evidence that recent oil-price increases have passed through to other goods and services. Six senior decision-makers led by Governor Macklem agreed the hold balanced upside inflation pressure against economic weakness; the minutes noted Canada has unexpectedly recorded two consecutive quarters of contraction. The minutes said: In responding to rising inflation, the Governing Council neither wants to overreact nor underreact.