加拿大S&P/TSX指数 (TSX) 加自选

加元兑美元汇率超过1.39，从8月21日的两个月低点反弹，因为美元普遍疲软超过了疲软的国内数据。在美联储主席杰罗姆·鲍威尔承认劳动力市场风险上升，同时警告通胀预期仍可能失控后，市场几乎肯定地预测美联储将于9月降息，尽管如此，这种平衡巩固了下个月降息和第四季度进一步宽松的预期。在加拿大，对加拿大银行的押注也转为鸽派，因为预计7月份零售额将下降0.8%，这是一年多来第二大降幅，突显了美国贸易不确定性下的零售波动。核心削减平均通胀率保持在3.0%，而预期为3.1%，而劳动力数据显示，7月份意外减少了41000个工作岗位，而预测增加了13500个，失业率稳定在6.9%，所有这些都加强了采取更宽松政策立场的理由。

The Canadian dollar strengthened past 1.39 per US dollar, rebounding from the two-month low of August 21st as broad US dollar weakness outweighed lackluster domestic data. Markets priced with near certainty a September rate cut by the Federal Reserve after Chair Jerome Powell acknowledged rising labor market risks while warning that inflation expectations could still become unanchored, a balance that nevertheless cemented expectations of cuts next month and further easing in the fourth quarter. In Canada, bets also turned dovish for the Bank of Canada as retail sales are projected to have fallen 0.8% in July, the second sharpest drop in over a year, underscoring retail volatility amid US trade uncertainty. Core Trimmed-Mean inflation held at 3.0% against expectations of 3.1%, while labor data showed a surprise loss of 41,000 jobs in July versus forecasts for a 13,500 gain, leaving unemployment steady at 6.9%, all reinforcing the case for a more accommodative policy stance.