BoC policy is clearly on hold say Bank of Montreal in their look at what to expect on 6 March 2019

The 'key takeaway' from BoM:

  • The BoC will likely sound a bit more cautious than in January as growth has meaningfully disappointed its forecast.
  • However, don't expect Poloz to be overly negative as growth is expected to rebound in Q2.
  • Given the weaker growth backdrop, with the trade and housing uncertainties unlikely to be resolved, we look for the BoC to be on hold through most of this year.

Adam posted a preview via TD earlier, here