The Bank of Canada kept its target for its overnight rate at 2.25%, with the bank rate at 2.5% and the deposit rate at 2.20%, the central bank said on Wednesday.

OTTAWA — The Bank of Canada is expected to make an interest rate announcement this morning as it weighs the effects of the conflict in the Middle East, trade uncertainty and recent economic data.

"We continue to expect the Canadian economy to grow modestly as it adjusts to U.S. tariffs and trade policy uncertainty, but recent data suggest that near-term economic growth will be weaker than anti...