The Globe and Mail reports in its Monday, June 2, edition that the Bank of Canada will announce its trendsetting interest-rate decision on Wednesday. The Globe's guest columnist Amber Kanwar writes that as of late Friday, consensus among economists had the bank cutting its policy rate to 2.5 per cent from 2.75 per cent. However, last week's strong gross domestic product figures cast some doubt on that probability. Canada's GDP expanded at an annualized rate of 2.2 per cent in the first quarter, well above the 1.7 per cent expected. The estimate for April, when the tariffs hit, was also surprisingly strong, with a 0.1-per-cent increase. While some details were not as robust -- housing was weak and personal consumption cooled -- traders pared back their bets of a rate cut after the print. The figures were also enough for Bank of Montreal chief economist Doug Porter to abandon his call for a rate cut. "The key point here is that the GDP figures are sending no obvious distress signals so far in 2025," Mr. Porter wrote in a note to clients. With core inflation higher and economic growth relatively robust, this potentially pushes out the timeline for another rate cut until July.