Bank of Canada: Bank of Canada is unlikely to further lower interest rates.

Claire Fan of the Royal Bank of Canada stated that the overall CPI in Canada is still being impacted by the cancellation of the federal consumer carbon tax surcharge in April this year, but the inflation rate in July slowed down from 1.9% in June to 1.7%, reflecting more the easing of potential inflation pressures. She pointed out that the preferred median and trimmed values of core CPI by the Bank of Canada showed a month-on-month growth rate of less than 0.2% in July after seasonally adjusted, but the CPI diffusion index still shows inflation pressures being widely distributed in the consumption basket. Therefore, considering the significant rate cuts by the central bank over the past year and signs of weakness in the labor market expected to hit bottom, Fan believes that there will not be any new rate cuts in this cycle.