The TOTALLY expected thing, no surprises at all, which is fine for today. But EVENTS are starting to rule Bank of Canada Governor thinking. A rapidly escalating Trade War means April 16th looks like a 50 BPS cut. Sure, the Trade War will eventually create inflation but that takes time & in the here & now what we are faced with is economic devastation. Governor Macklem need to get from a 3% Policy Rate to a 2% Policy Rate FAST