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Analysts at TD Securities are looking for the Bank of Canada to leave rates unchanged at 1.75%, in line with all private sector forecasts, leaving the focus on updated economic projections and tweaks to the policy statement.

Key Quotes

“For the former, we expect the Bank to formally drop its bias towards higher rates by noting that future moves (not hikes) will be subject to increased uncertainty while updated forecasts should see near-term growth downgraded.”