BULLET: CANADA BOC: BOC leaves o/n rate target 1.75%, as and.>

     CANADA BOC: BOC leaves o/n rate target 1.75%, as expected, and 

gives no guide to further rate hikes or cuts ahead. -Instead, says the 

accommodation provided by the 1.75% rate "remains appropriate." -Will 

remain data dependent and especially continue monitoring household 

spending, oil markets, and global trade which faces heightened tensions. 

Data provides accumulating evidence late 2018-early 2019 slowdown is 

giving way to pickup in 2Q. -Housing to stabilize; oil sector 

recovering; pickup in 2Q of consumer spending and exports. -Overall 

growth in business inventment has firmed. -However, inventories up 

sharply in Q1, which might dampen production growth. -Outlook for 

Canadian exports, investment, improved with U.S. metals tariffs removal.