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The Bank of Canada is expected to trim its near-term economic forecasts this morning.
The devil will be in the details.
Governor Stephen Poloz and his central bank colleagues won’t change their overnight rate, and aren’t likely to signal a change in their outlook for the benchmark, which stands at 1 per cent.
But they will unveil their revised projections when they release their statement and monetary policy report at 10 a.m. ET.