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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%, prior 1.75%, unchanged since hike in Oct. 2018 
- Press conference set for 11:15am
- Last statement boosted C$ by citing "nascent evidence" global economy was
stabilizing, may show more confidence now with US-China trade deal, USMCA
ratification progress
- Gov. Poloz earlier this month gave list of things he was watching, suggesting
none of them major enough to justify introducing any signal on rate bias
- Canada's economy stalled in Q4 but poised to rebound after UAW and CN Rail
strikes
- BOC may also update view housing may be overheating again, if economy near
full output
- Core inflation averaging highest in a decade leaves little room to signal a
cut that some investors predict for later this year

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