Under the threat of Trump's tariffs, the central banks of Mexico and Canada are preparing to significantly lower interest rates. According to data released by Statistics Canada last Friday (November 29), the country's GDP in September slightly increased by 0.1% month on month, lower than the market's expected 0.3%, and the year-on-year increase was consistent with the expected 1.6%. After the release of GDP data, the money market's expectation for the Bank of Canada to cut interest rates by 50 basis points next month has risen from 31% before the announcement to about 44%. Andrew Grantham, an economist at Imperial Bank of Canada, believes that the data does support a 50 basis point rate cut next month.