Finance: The Bank of Canada holds

The Bank of Canada's latest monetary policy decision.

The Bank of Canada held rates at its latest monetary policy meeting.

The central bank held at 0.50%, as most economists were expecting.

"In the view of our Canadian economist, on balance not much has changed since the 12 April meeting and so there is little reason for the BoC to signal and significant deviation in their outlook relative to what was put forth in the April Monetary Policy Report (if anything better activity data has been countered by weakness in inflation)," Deutsche Bank's strategist Ken Crompton and economist Phil Odonaghoe wrote in an note to clients.

Back in April, the central bank also held rates, and noted that although global economic growth had been strengthening, there was still "considerable uncertainty" surrounding the outlook.

The Canadian dollar was little changed at 1.3500 per US dollar around 8:26 a.m. ET.

Refresh this page for updates at 10 a.m. ET.

The Bank of Canada's latest monetary policy decision. Read Full Story