The Bank of Canada (BoC) is expected to hold its key overnight rate steady on Wednesday, with economists and analysts hoping to get some direction on the timing of its first rate cut. The central bank has kept borrowing costs on hold at a 22-year high of 5% for its last five consecutive meetings in its bid to bring inflation down. It is widely expected to repeat it for the sixth time but markets will be eagerly sifting through Governor Tiff Macklem's speech for a hint of when it plans to pivot to a rate cut cycle. With inflation showing signs of cooling since the beginning of the year and the latest job market survey ... (full story)