1056 ET - The Bank of Canada is likely to remain on hold for longer than markets currently expect as the trade war with the U.S. increases monetary policy risk and raising inflationary pressures hamstring growth, Sibley Creek's Jay Zhao-Murray argues. The central bank for a seventh time in a row left its policy rate unchanged, faced with what Zhao-Murray notes are opposing forces. The economist expects interest rates to be left steady at the very least through the end of this year.
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