BoC Expected to Hold Interest Rates This Week as Grey Cloud Hangs Over Economy

BoC Expected to Hold Interest Rates This Week as Grey Cloud Hangs Over Economy
The Bank of Canada building is shown in Ottawa in a file photo. The Canadian Press/Sean Kilpatrick
The Canadian Press
Updated:
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The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate cuts in the coming months.

The central bank is widely expected to continue holding its key interest rate at five percent on Mar. 6, as many forecasters anticipate the first rate cut to come in around June.