Bank of Canada Set to Keep Rates Steady, WSJ Survey Shows

OTTAWA—The Bank of Canada is likely to keep its policy rate unchanged for a sixth consecutive time on Wednesday, as inflation remains too hot to cut and economic activity too tepid to raise.

Economists surveyed by The Wall Street Journal say the central bank remains firmly in a wait-and-see mode, given uncertainty over energy prices as the conflict between the U.S. and Iran reignites, and over trade policy, with the Trump administration unwilling to renew the U.S.-Mexico-Canada trade treaty, or USMCA.