Bank of Canada restarts interest rate cuts and pays attention to trade policy impact

According to Jinshi data, the Bank of Canada restarted interest rate cuts after maintaining interest rates in the summer, but did not clarify the subsequent policy direction. Deloitte's Royce Mendes pointed out that the Bank of Canada will closely monitor trends in trade turmoil, supply chain restructuring costs, exports, corporate investment, employment and household spending. The central bank is cautious about the impact of U.S. trade policy, especially in inflation. Deloitte analysts believe that inflation concerns will not become a reality, and expect another rate cut in October, with the policy interest rate eventually falling to 2%.