Wall Street Journal: Bank of Canada expected to keep rates steady on dour growth outlook

“Core measures remain well above the central bank’s target range of 1% to 3%, “leaving policy makers with little choice but to retain language in its policy statement that keeps additional rate hikes in play,” said Karl Schamotta, chief market strategist at foreign-exchange firm Corpay. “But with signs of slowing momentum multiplying across the Canadian economy, this language should acquire a more nuanced edge.” - Corpay’s Karl Schamotta Wall Street Journal: Bank of Canada expected to keep rates steady on dour growth outlook

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