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Bank of Canada Rate Decision Preview....>

CANADA DATA
CANADA DATA: Bank of Canada Rate Decision Preview - 10am EDT
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- MNI Median is for the rate to remain at 1.75%, where it's been since October.
- Key is whether BOC continues to refrain from language about direction of next
move...
- ... BOC could mention stronger domestic data or warn about trade tensions.
- Key line from last decision May 29: "The degree of accommodation being
provided by the current policy interest rate remains appropriate. In taking
future policy decisions, Governing Council will remain data dependent and
especially attentive to developments in household spending, oil markets and the
global trade environment."
- Rate decision comes with quarterly MPR economic forecast paper, and Gov. Poloz
has press conference at 11:15am EDT.

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