Bloomberg: Bank of Canada Holds at 2.75%, Says ‘Could Be a Need’ for Future Cut

"A lot of water will pass under the bridge between now and the July 30 decision, Karl Schamotta, chief market strategist at Corpay, said in a report to investors. Two retail sales reports, two jobs numbers, two inflation updates, a set of quarterly consumer and business surveys and a number of tariff deadlines are set to land before officials meet again, he pointed out. 'If the economy remains surprisingly resilient and price pressures continue to build, rate cuts could be pushed further into the future.'" Bloomberg: Bank of Canada Holds at 2.75%, Says ‘Could Be a Need’ for Future Cut