Here comes the Bank of Canada...

The Bank of Canada's latest monetary policy decision is due out at 10 a.m. ET.

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.