The Bank of Canada is keeping its benchmark interest rate at 0.5 per cent, a move that was anticipated even though the economy has started the year stronger than expected.
Analysts widely predicted the central bank would keep the rate locked at the very low level as uncertainty continues to swirl around the U.S. policy agenda on trade and taxation.
Some economists have also been pointing to Canada's weak wage growth and its fading underlying inflation as other reasons for Bank of Canada governor Stephen Poloz to hold off changing the influential lending rate.
Canada's underlying or core inflation rate has also softened since the beginning of the year and has yet to catch up to the rosier economic momentum.
On the other hand, the central bank has already raised its 2017 growth projection after solid data rolled in for other areas such as employment, consumer spending and residential investment.