Despite unchanged rates at 5% today and a conservative approach due to past forecasting errors, the Bank of Canada (BoC) signals a dovish stance, hinting at a June cut with eased conditions for rate reductions.The BoC's Monetary Policy Report shows a more dovish outlook with inflation expected to decrease to 2.8% in Q1 and to 2.2% by Q4 2024, aiming for a 2% target by 2025Updated potential output growth to 2.5% for 2024 suggests the economy can grow without fueling inflation, supporting a softer landing.Despite positive revisions, there's caution about the demand outlook and core inflation's slow pace, suggesting a quicker return to the inflation target.Anticipation of BoC cutting rates at e
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