(Bloomberg) — Bank of Canada policy makers said risks of weak inflation and slower economic growth have increased, a message that contrasts with recent gains in output and exports.“On balance, risks to the profile for inflation have tilted somewhat to the downside since July,” when the last rate decision was made, policy makers led by Governor Stephen Poloz said in a statement.That marks a change from the previous statement, in which policy makers said the risks to the inflation profile were “roughly balanced.” Policy makers kept the benchmark rate on overnight loans between commercial banks at 0.5 percent, as anticipated by all 25 economists surveyed by Bloomberg.Wednesday’s statement downplays two key reports last week that showed the months-long gloom in the Canadian economy may be abating: merchandise exports surged 3.4 percent in July, narrowing a record trade deficit, and gross domestic product rose 0.6 percent in June, topping forecasts.“We …
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