Bank of Canada keeps low rate unchanged, admits growth slower …

Bank of Canada Governor Stephen Poloz
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/ Financial PostOTTAWA — The Canadian economy is still trying to catch up to its potential, with low commodity prices and weak global demand keeping growth subdued and providing few incentives for the Bank of Canada to adjust interest rates.Governor Stephen Poloz, along with other members of the policy counsel, acknowledged as much on Wednesday by keeping the bank’s trendsetting-lending rate at 0.5 per cent — unchanged since July 2015 — with annual growth likely stuck at 1.1 per cent this year, but expected to pick up speed in 2017 and 2018.“Looking through the choppiness of recent data, the profile for growth in Canada is now lower than projected in July’s Monetary Policy report,” the central bank said in its quarterly Monetary Policy Report. “This is due, in large part, to slower near-term housing resale activity and a lower trajectory …