荷兰国际：加拿大央行维持利率不变或致加元走低

Core Viewpoint - The report suggests that if the Bank of Canada maintains interest rates, the Canadian dollar (CAD) may depreciate, indicating a potential for future rate cuts [1] Summary by Relevant Sections - Interest Rate Outlook - The market anticipates only a 15 basis point rate cut by the end of the year, reflecting a conservative pricing approach [1] - Economic Risks - Economic risks stemming from US-Canada trade negotiations may lead the Bank of Canada to encourage market expectations for further rate cuts, putting additional pressure on the CAD [1] - Currency Forecast - The expectation is that the USD/CAD exchange rate will reach 1.39 in the current quarter [1]