The Bank of Canada kept interest rates at five per cent on Wednesday, its sixth consecutive hold since the last increase in July 2023. Here’s what economists are saying about the decision and whether the bank has opened the door to a rate cut at its next meeting on June 5. …Capital Economics – The clock is ticking down to the first interest rate cut, possibly in June, Capital Economics deputy chief North America economist Stephen Brown said. …“The bank seems to be open to our forecast of a June rate cut if the month-over-month changes in core prices remain muted for the next couple of months”. Still, bank officials perceive “risks” to its interest-rate trajectory, especially from the United States. In that case, the Bank of Canada is “unlikely to be in a big rush to cut interest rates — and risk a depreciation of the loonie.”