On Wednesday, the bank held its policy rate steady at 2.25 per cent, which was expected by Bordeleau-Labrecque and most economists. The Canadian economy is facing a risk of further deterioration if the country loses ground in the CUSMA negotiations leading to a second trade shock, says Bordeleau-Labrecque. For now, he expects the bank to maintain a steady approach, unless there’s increased risk from the CUSMA review. In a public statement, Powell said the investigation was part of Trump’s effort to take control of U.S. interest rate policy. And for Canada, our financial markets are particularly integrated with the United States, so it would particularly affect us.”Read: Uncertain market conditions pushing institutional investors to fixed income, international equities: expert