CoinMeta data: Bradley Sanders, a macroeconomist at Caixin, stated that the Bank of Canada's decision to raise policy rates indicates a shift in the current risk balance, from the economic downside risks brought about by trade tensions to the threat of inflation driven by energy prices. Sanders pointed out that the Bank of Canada has cooled down market expectations for hawkish interest rate hikes, which supports his view that there may only be two more rate hikes in this tightening cycle. In its interest rate decision, the Bank of Canada stated that given the high degree of uncertainty in the outlook, the central bank will proceed with policy adjustments cautiously, but further rate hikes may still be necessary in the future.