Gold price hits CAD $6,087/oz after Bank of Canada holds rates, says ‘US tariffs and threats of further action pose risks'

Bank of Canada held its key overnight rate at 2.25% (bank rate 2.50%, deposit rate 2.20%), matching expectations. The BoC cited the ongoing Middle East conflict as a driver keeping energy prices elevated, implying persistent inflation-related pressures. Overall, the decision is likely to be a modest catalyst for Canadian rate-sensitive assets rather than a surprise policy shift.