The Bank of Canada is likely to hold interest rates steady for a fifth straight meeting, as dwindling recession risks allow policymakers more time to get a clearer read on inflation before they adjust borrowing costs. Markets and economists widely expect policymakers led by Governor Tiff Macklem to hold the benchmark overnight rate steady at 5% on Wednesday. Officials will probably maintain a neutral stance, reiterating that they still want more evidence that their campaign to rein in price pressures is working. “There isn’t a strong argument for them to come out as especially dovish,” Doug Porter, chief economist ... (full story)