Here comes the Bank of Canada...
Chris Wattie/Reuters
Most economists forecast that the bank will once again hold rates at 0.50%.
"In the view of our Canadian economist, on balance not much has changed since the 12 April meeting and so there is little reason for the BoC to signal and significant deviation in their outlook relative to what was put forth in the April Monetary Policy Report (if anything better activity data has been countered by weakness in inflation)," Deutsche Bank's strategist Ken Crompton and economist Phil Odonaghoe wrote in an note to clients.
Back in April, the central bank also held rates, and noted that although global economic growth had been strengthening, there was still "considerable uncertainty" surrounding the outlook.
The Canadian dollar was little changed at 1.3500 per US dollar around 8:26 a.m. ET.
Refresh this page for updates at 10 a.m. ET.
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador