As the Bank of Canada (BoC) prepares for its upcoming meeting on July 24, market participants are keenly anticipating a potential interest rate cut following the easing cycle initiated on June 5. Recent macroeconomic data, particularly softer-than-expected inflation figures at 2.7%—a low not seen in over three years—has fueled speculation of a quarter-point rate reduction. In response to the latest inflation data, the swap market is pricing in a...