The Bank of Canada left their key overnight rate unchanged as expected this morning.  However, their removal of the conditional commitment to leave rates unchanged until the end of the 2nd quarter of 2010 shows a pretty clear intention of theirs to raise rates on June 1st.
 
 
Keeping their promise to hold rates until mid 2010, Bank of Canada has held the key rate at .25%, stating underlying factors in the Canadian Recovery are unchanged as reported in The Wall Street Journal today.