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Bank of Canada expected to cut economic outlook this morning – The Globe And Mail

The Bank of Canada is expected to trim its near-term economic forecasts this morning.

The devil will be in the details.

Governor Stephen Poloz and his central bank colleagues won’t change their overnight rate, and aren’t likely to signal a change in their outlook for the benchmark, which stands at 1 per cent.

But they will unveil their revised projections when they release their statement and monetary policy report at 10 a.m. ET.

Read More: http://www.theglobeandmail.com/report-on-business/top-business-stories/bank-of-canada-expected-to-cut-economic-outlook-this-morning/article15014586/

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