ChainCatcher message, Goldman Sachs expects the Bank of Canada to cut interest rates by 50 basis points at the December meeting, up from the previously expected 25 basis points.

ChainCatcher news, Canadian benchmark bond yields are rising in tandem with U.S. Treasury trends, as financial markets bet that Trump will reapply inflationary pressure. The upward movement in yields is bound to complicate the Bank of Canada's efforts to revive the economy and prevent inflation from slowing too quickly.So far, the Bank of Canada has been the most aggressive in easing policies among the G7 central banks this year. Karl Schamotta, Chief Market Strategist at foreign exchange firm Corpay, said, "As the risks of rising import prices begin to materialize, the Bank of Canada is likely to slow the pace of easing." Measures by the Trump administration that could exacerbate inflation include imposing a 10% tariff on all imported goods and significant tax cuts that could lead to an expanded deficit. (Jin Shi)

ChainCatcher message, the Bank of Canada has suspended its plans for a central bank digital currency (CBDC), and the central bank did not specify the reasons for the suspension. The Bank of Canada first launched a research project in 2019 to explore the creation of a digital Canadian dollar and conducted public consultations in 2022.The central bank stated that it will continue to conduct policy research and analysis on payment developments both domestically and internationally.

ChainCatcher news, the Bank of Canada announced a 25 basis point rate cut to 4.75%, marking the "first cut" among G7 countries.

ChainCatcher news, data from the Bank of Canada shows that the proportion of local residents holding Bitcoin has increased from 3.2% in 2016 to 13.1% in 2021.Among them, the percentage of male holders increased from 4.4% in 2016 to 19.3% in 2021, while the percentage of female holders rose from 2.2% in 2016 to 7.2% in 2021. Among those aged 18 to 34, the proportion of Bitcoin holders exceeds 25%. (source link)