Market Analysis: The Bank of Canada will cut interest rates unless unexpected inflation occurs.

Jin10 data reported on September 9, forex company Corpay's chief market strategist Karl Schamotta said that unless there is a significant surprise in the inflation data, the Bank of Canada may lower its policy interest rate, as central bank officials are reacting to signs of a weak labor market and slowing demand from the U.S. He stated that traders expect a 75% chance of a 25 basis point rate cut on September 17. The day before, Statistics Canada released the inflation report for August. Schamotta noted that the USD/CAD may rise slightly in the near term, but is unlikely to break above 1.40 CAD without more significant catalysts.