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Scott Field, Chief Economist of the Imperial Bank of Commerce Capital Markets in Canada, stated that the Bank of Canada has stayed put as expected but has indeed retained the possibility of future interest rate cuts. He believes that the possibility of a 25 basis point rate cut in July still exists, especially if job data continues to show weakness. Field pointed out that the Governor of the Bank of Canada mentioned in a press conference that senior officials "generally" agree that it may be necessary to cut rates again if the economy stagnates under the pressure of US trade policy. He added that traders and economists are hoping to see the Canadian employment report for May released on Friday before deciding on the direction of interest rate policy.