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BOC Rate Decision Preview - Wednesday...>

CANADA DATA
CANADA DATA: BOC Rate Decision Preview - Wednesday 10:00 EDT
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- MNI Median 1.75%. Unchanged since an increase in Oct. 2018
- Stable economy since last decision means investors see little prospect of new
hint about the need for a cut
- 3Q GDP growth matched BOC forecast at 1.3%, and weakness in exports was
expected as well
- CPI has been 1.9% for 3 months, in line with BOC view economy near potential
- Downside risks that the BOC said in Oct. may test economy's "resilience" have
been little changed (trade, household finances, fiscal policy)
- No press conference or economic forecast paper with this decision means less
chance of a shift in the outlook

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