The Financial Post reports in its Tuesday, July 29, edition that the Bank of Canada is likely to maintain its policy rate at 2.75 per cent for the third consecutive time, as core inflation has risen recently and worst-case economic scenarios are less probable. The Post's Jordan Gowling writes that BMO economist Douglas Porter says: "I think we and 99 per cent of the rest of the world are expecting no change from the Bank of Canada. The bank seems very comfortable keeping rates right at the midpoint of what they consider neutral, and I don't think there is too much debate on what the bank is going to do." Market expectations point to over a 90-per-cent chance of a hold on Wednesday due to persistent core inflation around 3 per cent. Some businesses are hesitant to pass on tariff-related costs, choosing to lower margins to maintain market share. Still, Desjardins Group economist Jimmy Jean expects the central bank will remain vigilant. He says, "I think from a prudence perspective, a risk management perspective, they're still going to be on alert for the possibility that it's just sort of a delayed situation and that we see more pass-through and more impact on consumer prices."