Bank of Canada Most Likely to Hold Rates After Rise in Core Inflation, GDP Surprise

The Bank of Canada is expected to hold interest rates at 2.75% on Wednesday, with rising core measures of inflation and better-than-expected gross domestic product growth in the first quarter seen pushing policymakers towards a pause.

According to a majority of economists in a Reuters poll, the BoC will hold interest rates at its June meeting, but at least two more cuts are likely this year.

Economists said the bank will likely adopt a wait-and-see approach as the impact of tariffs imposed by U.S. President Donald Trump plays out on the Canadian economy...

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