The Globe and Mail reports in its Tuesday edition that the Bank of Canada issues its interest-rate decision on Wednesday. The Globe's David Parkinson writes that the decision itself will not be the news. Mr. Parkinson says it is all a foregone conclusion the bank will leave its key interest rate unchanged at 0.5 per cent, where it has sat since last July. However, in the midst of a spring filled with unimpressive economic indicators, the statement accompanying the rate decision will be far from a non-event. Observers will be combing through the text for any signs the bank's optimism about a pickup in the economy this year has been shaken. The tone of the rate statement could be especially big news for the Canadian dollar. It fell to six-week lows last week after the Federal Reserve released minutes from a recent policy meeting suggesting the Fed is closer to raising rates than the markets had previously expected. Any hint the BOC rates might be on hold for longer than expected, or perhaps even heading in the opposite direction from the Fed, could fuel more selling of the loonie. One thing we absolutely will not get from the bank, however, is an actual update of its economic forecasts.