The Bank of Canada (BoC) will likely highlight better-than-expected second quarter (Q2) economic growth as it keeps the overnight lending rate at 1%, while maintaining the neutral interest rate bias. The bank is expected to warn that despite economic improvements, there is still a lot to be done before sustainable growth can be achieved, especially when it comes to business investment. The central bank will make the interest rate announcement on Wednesday at 10:00am EDT. Neutral bias Canadian economists highlighted that the bank is likely to keep its dovish neutral bias during its interest rate announcement. "In terms ... (full story)