标准普尔/多伦多证交所综合指数周二上涨1.7%，收于30354点，从周五的大幅抛售中反弹，矿商、金融和科技股在经历了漫长的周末后领涨。此举反映了引发经济衰退的美中贸易紧张局势的缓解，以及美联储主席鲍威尔表示劳动力市场前景疲软后，美联储下调定价的力度加大，加强了对本月晚些时候降息的押注。主要矿商Agnico Eagle、Wheaton Precious Metals、Barrick和Franco Nevada股价飙升2.1%至4.5%，因黄金在避险需求中创下新高。金融股也有助于上涨，加拿大皇家银行（1.5%）、道明银行（1.6%）、布鲁克菲尔德银行（5.6%）、蒙特利尔银行（1.9%）和丰业银行（1.4%）均表现优异。在两国开始征收互惠港口费，中国制裁了韩国韩华海洋的五家美国子公司，使局势再次升级的风险持续存在后，对美中关系的最初乐观情绪有所缓和。

The S&P/TSX Composite rose 1.7% to close at 30,354 on Tuesday, rebounding from Friday’s sharp sell-off as miners, financials and tech led gains after a long weekend. The move reflected eased US–China trade tensions that had triggered the downturn and firmer Fed-cut pricing after Fed Chair Powell flagged weakening labour-market prospects, reinforcing bets on a rate cut later this month. Major miners Agnico Eagle, Wheaton Precious Metals, Barrick and Franco-Nevada surged between 2.1% and 4.5% as gold hit fresh record highs amid safe-haven demand. Financials also aided the advance with RBC (1.5%), TD (1.6%), Brookfield (5.6%), BMO (1.9%) and Scotiabank (1.4%) all outperforming. Initial optimism over US–China relations was tempered after both countries began imposing reciprocal port fees and China sanctioned five US subsidiaries of South Korea’s Hanwha Ocean, keeping the risk of renewed escalation alive.

10月，10年期加拿大政府债券收益率降至3.16%左右，接近5月低点，原因是美国长期收益率下降、市场对加拿大银行进一步宽松政策的押注越来越大，以及国内增长信号减弱。美国长期国债收益率暴跌，因为市场定价了更大的增长冲击和美联储在政府关门和经济数据日历平静的情况下放松的可能性更高，这提振了对长期国债的需求，并拉低了加拿大国债收益率。与此同时，加拿大货币市场对加拿大银行政策的定价放缓，因此预期的短期利率下降，整个加拿大曲线重新定价走低。国内经济活动的疲软和通胀信号的缓解使投资者有权延长投资期限，而石油综合体的疲软和国际能源署关于供应过剩的新警告降低了加拿大的贸易条件前景，并减少了政府收入的主要来源。

The yield on the 10-year Canadian government bond fell to around 3.16% in October, near its May-lows, amid a mix of lower US long yields, a growing market bet on further Bank of Canada easing, and weaker domestic growth signals. US long yields plunged as markets priced a larger growth hit and a higher probability of Fed easing amid the government shutdown and a quieter economic data calendar, which boosted demand for long-dated Treasuries and pulled Canadian yields down. At the same time Canadian money markets moved to price a slower path for Bank of Canada policy, so expected short rates fell and the whole Canadian curve repriced lower. Domestic softening in activity and easing inflation signals gave investors licence to extend duration, while a weaker oil complex and fresh IEA warnings of a sizable supply surplus cut Canada’s terms-of-trade outlook and reduced a major source of government revenue.

标准普尔/多伦多证交所综合指数周二上涨0.5%，至30000点以上，从周五的大幅下跌中反弹，因为矿商、金融和科技股在经历了漫长的周末后以及引发抛售的美中贸易紧张局势缓解后领涨。主要矿业股Agnico Eagle、Wheaton Precious Metals、Barrick mining和Franco Nevada领涨，涨幅在2%至5%之间，因为黄金在避险需求中不断创下历史新高。金融和科技股也支撑该指数，布鲁克菲尔德上涨超过3%，星座软件上涨超过2%。然而，在两国开始对彼此的货物征收互惠港口费，引发对进一步升级的担忧，以及中国采取行动制裁韩国韩华海洋的五家美国子公司之后，对美中关系的最初乐观情绪有所缓和。

The S&P/TSX Composite rose 0.5% to above the 30,000 mark on Tuesday, rebounding from Friday’s sharp downturn as miners, financials and tech led gains after a long weekend and after US-China trade tension that had triggered the selloff eased. Major mining equities Agnico Eagle, Wheaton Precious Metals, Barrick Mining and Franco-Nevada led the advance, surging between about 2% and 5% as gold kept reaching record highs amid safe-haven demand. Financials and techs also supported the index, with Brookfield up more than 3% and Constellation Software gaining over 2%. Initial optimism over US–China relations was tempered, however, after both countries began imposing reciprocal port fees on each other’s shipments, stoking concern of further escalation, and China moved to sanction five US subsidiaries of South Korea’s Hanwha Ocean.

2025年8月，加拿大的建筑许可下降1.2%，至116亿加元，此前住宅建设意向下降。住宅部门下降1.738亿加元（-2.4%），至70亿加元，其中单户许可证下降1.123亿加元，至25亿加元，多户意向下降6150万加元，至45亿加元。全国共批准20500套多户住宅和4100套单户住宅，比7月份下降0.9%。与此同时，非住宅许可证小幅上涨3460万加元（+0.8%），至46亿加元，这是由于机构项目增加了2.113亿加元，而商业（-1.34亿加元）和工业（-4260万加元）部分有所下降。按省份划分，安大略省（-56330万加元）和阿尔伯塔省（-46.15亿加元）的显著下降被不列颠哥伦比亚省（+6.122亿加元）和魁北克省（+2.942亿加元）所抵消。

Building permits in Canada fell 1.2% to C$11.6 billion in August 2025, following a decline in residential construction intentions. The residential sector dropped C$173.8 million (-2.4%) to C$7.0 billion, as single-family permits fell C$112.3 million to C$2.5 billion and multi-family intentions decreased C$61.5 million to C$4.5 billion. Nationwide, 20,500 multi-family and 4,100 single-family dwellings were authorized, down 0.9% from July. Meanwhile, non-residential permits edged up C$34.6 million (+0.8%) to C$4.6 billion, driven by a C$211.3 million increase in institutional projects, while commercial (-C$134.0 million) and industrial (-C$42.6 million) components declined. By province, notable drops in Ontario (-C$563.3 million) and Alberta (-C$461.5 million) were offset by gains in British Columbia (+C$612.2 million) and Quebec (+C$294.2 million).