Bank of Canada to make latest interest rate announcement Wednesday

The expectation is that the Bank of Canada will keep interest rates steady this week for a sixth straight time — but analysts will be watching for indications that we could see 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 believe we could see cuts as soon as June.  We’ll know more with the rate decision announced on Wednesday.