Bank of Canada expected to hold rates, but could signal policy shift ...Middle East

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Open this photo in gallery: Bank of Canada Governor Tiff Macklem takes part in a news conference after announcing an interest rate decision in Ottawa on March 6.Blair Gable/Reuters The Bank of Canada is widely expected to keep interest rates steady this week for the sixth consecutive time, although analysts are watching for a shift in tone that could open the door to rate cuts over the summer. The central bank has held its policy rate at 5 per cent, a two-decade high, since July. But with the economy languishing and inflation back inside the bank’s target range, many Bay Street economists and traders expect monetary policy to pivot in the coming months, perhaps as early as June. The n

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Bank of Canada expected to hold rates, but could signal policy shift ...Middle East

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