Bank of Canada’s rate decision coming Wednesday

The Bank of Canada will announce its latest rate decision on Wednesday, and the expectation is it will keep interest rates steady for a sixth consecutive time.  However, there will be a lot of interest in the tone of the announcement and whether it will offer any hints on the possibility of seeing rate cuts over the summer.  The central bank has held its policy rate at 5 per cent since July, however with an economy that’s languishing and inflation within the bank’s target range, some analysts believe we could see cuts as soon as June.