BULLET: CANADA BOC: BOC keeps o/n rate target at 1.75%, as...>

CANADA BOC: BOC keeps o/n rate target at 1.75%, as expected, will 

'need to rise into neutral range'. May be addl room for non-inflationary 

growth. Persistence of oil price shock to be importnt decisn factr. Rate 

hike pace will also depend on impact of higher rates impact on household 

spendg, housing, trade developments, evolution of biz inv, econ capa. 

Signs trade conflicts weighing more heavily on glob dmd. But G20 

developments encouraging, show trade risk two-sided. Oil price fall due 

to geopol devlpmnts,highr US shale oil prod,uncertainty about glob 

growth. WCS down on transp constraints, inventories buildup. Cdn energy 

sector likely to be materially weaker than expectd. Data suggest Cdn 

econ going into 4Q with less momentum. But non-energy biz investment 

expected to strengthen, boost capacity, and support exprts. Inflatn to 

ease more than expected on lwr gasoline prices. Core around 2% as 

econ close to capa. Global growth moderating 'largely as expected'.