Changes in the Bank of Canada's overnight target affect key interest rates at major banks and, in turn, Canadian interest rates on adjustable-rate mortgages and other variable rate loans.
The Bank of Canada is expected to make its latest interest rate announcement later this morning.
"The risks around the economic outlook remain skewed to the downside and, while the same can be said for policy rates, some anticipated fiscal stimulus will likely provide the Bank of Canada with some breathing room", he said.
It noted that ongoing trade conflicts and "related uncertainty are still weighing on global economic activity, and remain the biggest source of risk to the outlook".
The speech is in line with an upbeat tone in the rate statement Wednesday that indicated the Bank of Canada is comfortable in its current wait-and-see stance, driving a 0.7% gain in the Canadian dollar on the day.
Governor Stephen Poloz and his inner circle of deputies on December 4 left the benchmark rate unchanged at 1.75 per cent, citing recent data showing the third quarter was stronger than expected. With solid numbers on that front, though, the Bank of Canada felt comfortable holding rates steady.
The central bank's interest rate target has been set at 1.75 percent since October a year ago.
"The bank's October projection for global economic growth appears to be intact", the statement said.
"Happiest Accident" Insta star Lil Bub dies unexpectedly in her sleep
In announcing the cat's death, Bridavsky published the first photo he took of Bub next their last last photo together. On Monday, the owner, Mike Bridavsky , posted on social media that his dearest friend, a cat, had passed on Sunday.
Jennifer Aniston Reveals Her Outlook on Love Following Justin Theroux Split
Jennifer said she feels for people who don't allow love to bowl them over. She added, "God knows now I'm going to make a couple of dimes".
Yankees have no Gerrit Cole fallback with Zack Wheeler off the market
That is why Wheeler, who turned down a qualifying offer from the Mets, was seen as the Yankees best fallback option. Whether it's the Yankees , Dodgers, Padres, etc., the Nationals have serious competition to keep any one of them.
Bank of Canada keeps rate at 1.75%.
Financial markets, it said, have been bolstered by "waning recession concerns" despite being "buffeted by news on the trade front".
Inflation also remains near the central bank's 2.0 percent target, which it said was "consistent with an economy operating near capacity". In contrast, the U.S. economy continued to improve.
The central bank, led by Governor Stephen Poloz, has been under pressure to rationalize its decision to hold off from easing while the Federal Reserve and other central banks have cut - an outlier status that has propped up the Canadian dollar.
Growth in Canada slowed in the third quarter of 2019 to 1.3 percent, as expected. Policymakers observed that consumer spending and housing remained sources of "strength".
The bank said investment spending showed unexpectedly strong growth in the third quarter, adding it would assess the extent to which this points to renewed momentum in investment.
Policymakers said they continue to "monitor the evolution of financial vulnerabilities related to the household sector", which is how the Bank of Canada expresses its concern about elevated levels of household debt.
The Bank of Canada's next interest rate decision is scheduled for January 22 as it also updates its outlook for the economy and inflation as part of its quarterly monetary policy report. The currency extended gains on Thursday, and was up 0.2% to C$1.3177 per US dollar at 11:25 a.m. Toronto time, as investors pared bets on a rate cut.