BoC maintains status quo in line with expectations

The Bank of Canada (BoC) maintained a very status quo neutral message, very much in line with expectations. The brief statement noted a couple of times that not much has changed since the April MPR, and in particular that "the Bank's assessment of risks to the inflation profile has not materially changed." 

The most interesting tidbit was a nod to the fact that higher oil prices and a stronger CAD since then could impact their outlook, but they reserve judgement until they see it in the data. Essentially, what that does is put even more emphasis on Q2 data in the coming months.