Bank of Canada Likely to Hold Interest Rates Steady Amid Slowing Economy and Sticky Inflation

Bank of Canada expected to hold interest rate steady at 5% due to slowing economy and inflation.

Inflation slowed in September but core inflation remains sticky.

Economic growth was weak in Q2 and expected to stay sluggish.

Job growth slowing and consumer spending has eased.

Global uncertainty around inflation remains due to Middle East conflict.