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BoC keeping target rate steady at 1.75% --...>

CANADA
CANADA: BoC keeping target rate steady at 1.75% -- was consensus of the 15
analysts we covered; several expect NO rate change through 2019/into 2020.
- Interpreted dovish, with lower inflation forecasts. The one-page statement
included a dozen references to risks from trade protectionism and only a few
mentions of on-target inflation and a recent pickup in growth.
- Interesting from our BOC Policy writeup: "While Canada remains unique among G7
nations with faster inflation, the BOC's economic forecast Wednesday took the
rare step of saying its inflation outlook is balanced only after trade risks are
removed from the picture."
- Waiting for press conference at 1115ET for further clarity.

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