Bank of Canada Leaves Rates Unchanged as Inflation Cools and Growth Stalls

Bank of Canada expected to leave interest rates unchanged at 5% as economy stalls
Inflation has peaked and slowed to 3.8% in September, down from over 8%
Analysts say growth has effectively stalled since July/August
Retail sales fell 0.1% in August, expected to stay flat in September
Bank of Canada likely done raising rates for now, will hold at 5% for at least 6 months
First rate cut not expected until Q2 2024 according to economist survey
Markets have trimmed expectations of a rate hike on Oct 26 to just 13% chance