Wednesday May 29 is Bank of Canada day - previews ICYMI

The BoC is expected to remain on hold, its pretty much a unanimous expectation

• Bank of Canada meet May 29 - unanimous expectations of on hold rates (and likely for a long time)

I've posted some what-to-watch-for though:

• CIBC - Bank of Canada's monetary policy rate announcement preview (spoiler ... non-event)
• TD - Preview of the Bank of Canada monetary policy decision due this week

Adding in a snippet from BoM:

• Bank of Canada is universally expected to hold policy rates steady at 1.75%
• At the last meeting in April, the BoC stressed patience and set a high bar to move policy rates. We've heard from Governor Poloz a couple of times since then and he has not deviated one iota.
• It's clear that, given the current backdrop, the BoC has no interest in moving rates (either way) anytime soon.
• Bottom Line: Expect the policy statement to walk the neutral line, showing no desire to move on rates anytime soon. The usual reference to the forecast will likely note that things are evolving as anticipated in the April MPR. Given the market's persistent dovish lean, don't be shocked if a neutral statement is viewed as somewhat hawkish