Bank of Canada holds key interest rate at 2.25%

Tim Powers fills in for Vassy Kapelos today, as the Bank of Canada holds steady on its overnight rate. That being said, Governor Tiff Macklem warns that the idea of hiking rates isn't off the table if the price of oil doesn't come down before the end of the year. We gather the latest details from CTV's Annie Bergeron-Oliver. On today's show: Flavio Volpe, the President of the Automotive Parts and Manufacturing Association of Canada, reacts to a new pitch from Korean submarine-maker Hanwa to build armored vehicles in Canada. Hear Vassy's 1-on-1 chat with Finance Minister Francois Philippe-Champagne. The Explainer with John Ruffolo, the Founder and Managing Partner of Maverix Private Equity: What is a sovereign wealth fund? The Daily Debrief Panel - featuring Laura D'Angelo and Jeff Rutledge. Child Psychologist Dr. Janine Hubbard discusses the merits of banning or retracting social media for young people. Jon Still from TSN 690 Montreal dissects Round 1 of the Stanley Cup Playoffs and previews a pivotal Game 5 for the Habs tonight.