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Group 1 - The Canadian dollar (CAD) is expected to strengthen in the next year due to the Bank of Canada's potential limited rate cuts and anticipated interest rate reductions by the Federal Reserve, which may stimulate the Canadian economy [1][2] - The median forecast indicates that the CAD will appreciate by 1.4% in three months to 1.36 CAD per USD, and by 2.8% in twelve months to 1.3415 CAD per USD [1] - Investors anticipate that the Bank of Canada will restart its easing cycle at the policy meeting on September 17, with a total expected rate cut of about 40 basis points by the end of 2026 [1] Group 2 - Nick Rees, a senior forex market analyst at Monex Europe Ltd., suggests that the Bank of Canada is nearing the end of its rate cuts, while the Federal Reserve has not yet begun significant reductions [2] - The potential unexpected magnitude of rate cuts by the Federal Open Market Committee (FOMC) and positive spillover effects from Canadian economic growth indicate significant upside potential for the CAD against the USD in the next 12 months [2]