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BULLET: CANADA BOC: Maintains overnight rate target at 1.75%.>

CANADA BOC: Maintains overnight rate target at 1.75%
- BOC drops "appropriate" for maintaining interest rate.
- Growth will be weaker and output gap will be wider than BOC October 
- Estimation of 2019 4Q growth revised from 1.3% to 0.3%.
- Signals of increased consumer caution, may also alleviate financial 
- Exports fell, business investment weakened, job creation slowed, and 
consumer spending have been unexpectedly soft in late 2019 and may 
spill into 1Q 2020, BOC said. 
- Strikes, poor weather, and inventory adjustement contribute the most 
to the slowdowns; could be signals for global economic conditions 
affecting Canadian economy. 
- BOC will watch if recent slowdown in growth is persistent.
- Inflation will hold near 2% target, inflation risks roughly balanced.

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