Canada's central bank is keeping its benchmark interest rate right where it is, suggesting it views the recent slowdown of Canada's economy as "temporary." "In this context, the degree of accommodation being provided by the current policy interest rate remains appropriate." TD Bank economist Brian DePratto said the shifting trade winds are becoming the biggest issue on the central bank's mind. Even odds for fall rate cutAll things being equal, the central bank hikes its rate when it wants to slow down an overheating economy and tame inflation. The bank's next scheduled interest rate decision is set for July 10.

Source: CBC News May 29, 2019 14:15 UTC