According to Jinshi Data, the market expects that the Bank of Canada has a nearly 85% chance of cutting interest rates at its meeting on Wednesday. However, analysts believe that the Bank of Canada is slightly more likely to keep interest rates unchanged. At its meeting on June 5, the Bank of Canada pointed out that four inflation indicators took a step towards the 2.0% target, but since then, these indicators have stagnated. In addition, the rise in unemployment is mainly due to the fact that the labor force growth rate has exceeded the recruitment rate, rather than continued layoffs. Institutions expect that the Bank of Canada may be concerned that the weakening of the Canadian dollar will increase future inflationary pressures, so it may be cautious in July before resuming interest rate cuts in September.