The Bank of Canada kept interest rate unchanged at 1.75% today, but cut its growth outlook, which raised bets of a rate cut in the near-term.
While Governor of the BoC, Stephen Poloz, ignored previous forecasts for the economic growth in the near-term.
The bank cut its growth forecast in the fourth quarter of 2019 to 0.3% from 1.3%, and Poloz stressed that he expects a slowdown in growth this year.