加拿大3年期国债 (Canada3Y) 加自选

周一，标准普尔/多伦多证交所综合指数上涨0.6%，收于26857点，创下历史新高，美国贸易谈判重新启动，主要矿业股强劲上涨。渥太华在最后一刻废除了3%的数字服务税，为与华盛顿的谈判扫清了道路，谈判定于7月21日结束，缓解了美国对加拿大技术和电信出口征收惩罚性关税的威胁。金融和科技巨头提振了多伦多交易所，加拿大皇家银行、Shopify、道明银行和蒙特利尔银行各上涨0.5%至1%。与此同时，随着金价反弹，矿业巨头Agnico Eagle、Wheaton Precious、Barrick Gold和Franco Nevada上涨0.7%至2.3%。在宏观经济方面，市场消化了5月份的初步GDP估计——每月又收缩0.1%——突显出加拿大经济继续容易受到外部贸易中断的影响。

The S&P/TSX Composite Index rose 0.6% to close at a fresh record of 26,857 on Monday, amid renewed US trade negotiations and strong gains in major mining equities. Ottawa’s last-minute repeal of the 3% digital services tax has cleared the path for talks with Washington, scheduled to conclude by July21st, easing the threat of punitive US tariffs on Canada’s technology and telecom exports. Financial and tech mega-caps lifted the Toronto exchange, with RBC, Shopify, TD Bank, and BMO each adding between 0.5% and 1%. Meanwhile, mining giants Agnico Eagle, Wheaton Precious, Barrick Gold and Franco-Nevada rose between 0.7% and 2.3% as gold prices rebounded. On the macroeconomic front, markets digested May’s preliminary GDP estimate—another 0.1% monthly contraction—underscoring the Canadian economy’s continued vulnerability to external trade disruptions.

标准普尔/多伦多证交所综合指数周一下跌约0.1%，至26680点以下，尽管加拿大在最后一刻废除了数字服务税，旨在恢复与华盛顿的贸易谈判，并在7月9日的最后期限之前避免新的美国关税，但能源板块的跌幅超过了其他板块的涨幅。能源股仍面临压力，有迹象表明欧佩克+将在8月继续其计划中的增产，这给油价和主要能源生产国带来了压力。与此同时，出口敏感行业略有缓解，电信和科技股领涨，这将直接受到现已取消的3%数字收入税的影响。在宏观经济方面，市场消化了5月份的初步GDP估计，该估计指出每月将再收缩0.1%，突显出加拿大经济在渥太华争取在7月21日前敲定新协议的同时，仍容易受到外部贸易中断的影响。

The S&P/TSX Composite Index slipped about 0.1% to below the 26,680 mark on Monday, as losses in the energy sector outweighed gains elsewhere, despite Canada’s last-minute repeal of its digital services tax aimed at reviving trade talks with Washington and averting fresh US tariffs ahead of the July 9th deadline. Energy stocks remained under pressure amid signs that OPEC+ will proceed with its planned output increase in August, weighing on oil prices and major energy producers. Meanwhile, export-sensitive sectors saw modest relief, with gains led by telecom and technology shares that would have been directly affected by the now-scrapped 3% levy on digital revenues. On the macroeconomic front, markets digested May’s preliminary GDP estimate, which pointed to another 0.1% monthly contraction, highlighting the Canadian economy’s ongoing vulnerability to external trade disruptions even as Ottawa races to finalize a new agreement by July 21st.

加拿大恢复数字税以挽救美国贸易谈判；鲁尼温和康复。

Canada Reverses Digital Tax to Save U.S. Trade Talks; Loonie Recovers Modestly.

加拿大将取消其计划中的数字服务税（DST），该税将从2022年起追溯适用，以恢复与美国的贸易谈判。此举是在特朗普总统周五取消谈判后采取的，称DST是“对我们国家的直接和公然攻击”。渥太华在周日的一份声明中表示，这一逆转旨在“支持这些谈判”，财政部长弗朗索瓦·菲利普·香槟表示希望达成“互利的全面贸易安排”。卡尼总理和特朗普总统同意恢复谈判，目标是在2025年7月21日前达成协议。特朗普长期以来一直批评DST是损害美国公司的“非关税贸易壁垒”。加拿大的逆转被视为特朗普的政治胜利，特朗普指责盟友“剥削”美国，自1月上任以来，他威胁要对所有加拿大出口产品征收25%的关税，加剧了亲密贸易伙伴之间的紧张关系。

Canada will scrap its planned Digital Services Tax (DST), which was set to apply retroactively from 2022, to revive trade talks with the U.S. The move came after President Trump canceled negotiations on Friday, calling the DST “a direct and blatant attack on our Country.” In a Sunday statement, Ottawa said the reversal aims to “support those negotiations,” with Finance Minister François-Philippe Champagne expressing hopes for a “mutually beneficial comprehensive trade arrangement.” Prime Minister Carney and President Trump agreed to resume talks, targeting a deal by July 21, 2025. Trump has long criticized DSTs as “non-tariff trade barriers” that harm U.S. firms. Canada’s reversal is seen as a political win for Trump, who has accused allies of “ripping off” the U.S. and, since returning to office in January, has threatened a 25% tariff on all Canadian exports, deepening tensions between the close trade partners.