I do believe they will continue to lower interest rates yes. The Canadian economy is in fairly rough shape, and the incoming tariffs will definitely not help the situation either. The Bank of Canada has to be careful not lowering rates too quickly either as they may have to utilize rate decreases in order to limit the impacts of tariffs.
We are in a relatively tricky situation here. The Federal Reserve is in no rush to cut rates due to the strength of the US economy but we desperately need it. If the projections are right in terms of these tariffs from a job loss standpoint, we could be looking at mid double-digit unemployed in Canada, which will force the Bank of Canada to cut rates further.
Some experts even have the Bank of Canada's rate projections at 2%~ by mid-2026. This would be 4 more 25 basis point cuts over the course of 12-15 months.