10月，随着市场重新评估通胀前景和加拿大央行的政策路径，10年期加拿大政府债券的收益率降至3.05%左右，为六个多月来的最低水平。9月整体CPI为2.4%，中国央行核心指标保持高位，CPI下调至3.1%，随着经济增长和劳动力市场数据疲软，央行放松的余地缩小，这反过来又使一些市场定价最终可能下调。有报道称，涵盖钢铁、铝和能源的美加贸易协议可能准备在亚太经合组织峰会上签署，这降低了加拿大的贸易尾部风险溢价，降低了长期收益率中的外部风险溢价。

The yield on the 10-year Canadian government bond fell to around 3.05% in October, its lowest level in over six months as markets reassessed the inflation outlook and the Bank of Canada policy path. September headline CPI printed 2.4% and BoC core gauges remained elevated with CPI trim at 3.1%, narrowing the central bank's leeway to ease as growth and labour market data have softened, which in turn leaves some market pricing for an eventual cut. Reports that a US Canada trade deal covering steel, aluminium and energy could be ready for signing at the Asia Pacific Economic Cooperation summit reduced a trade tail risk premium for Canada, lowering the external risk premia priced into long yields.

加拿大贸易部长勒布朗克。别那么快。。《环球邮报》的报道显示，美加贸易协议可能已准备好在即将召开的亚太经合组织峰会上获得批准，尽管进展仍局限于特定行业。虽然双方似乎都接近就钢铁、铝和能源达成协议，但美国尚未准备好敲定涉及汽车或软木木材的交易。

Canadian trade Minister LeBlanc. Not so fast..Reports from the Globe and Mail suggest that a U.S.–Canada trade deal could be ready for approval at the upcoming APEC summit, though progress remains limited to specific sectors. While both sides appear close to agreements on steel, aluminum, and energy, the U.S. is not yet prepared to finalize deals covering autos or softwood lumber.

标准普尔/多伦多证交所综合指数周二下跌约1.6%，至29950点以下，表现落后于美国同行，因为矿业股走弱和货币政策收紧的前景对该指数造成了压力。加拿大9月份的整体通胀率升至七个月来的最高点2.4%，高于预期，而中国央行的核心指标保持高位，抑制了人们对央行下周将降息的押注。随着投资者获利回吐，以及美中贸易紧张局势的缓解，金价从近期的历史高点回落。这给Agnico Eagle、Wheaton和Barrick等矿商带来了压力，这些矿商股价暴跌约7.5%至8%。与此同时，金融业设法在绿色中徘徊。在收益方面，Waste Connections的交易基本持平，预计收盘后每股收益为1.38加元，收入为24.5亿加元，瑞银将其目标价格下调至190加元，理由是2025年行业基本面疲软。

The S&P/TSX Composite fell around 1.6% to below the 29,950 mark on Tuesday, underperforming US counterparts as weaker mining equities and the prospect of more restrictive monetary policy weighed on the index. Canada’s headline inflation rose to a seven-month high of 2.4% in September, above expectations, while BoC core gauges stayed elevated, curbing bets that the central bank will cut its rate next week. Gold retreated from recent record highs as investors took profits and easing US China trade tensions removed a bid for the metal. That pressured miners such as Agnico Eagle, Wheaton and Barrick, which plunged roughly 7.5% to 8%. Meanwhile, the financial sector managed to hover in the green. On the earnings front Waste Connections, trading mostly flat, is expected to report EPS of C$1.38 and revenue of C$2.45 billion after the close and UBS trimmed its price target to C$190 citing softer sector fundamentals for 2025.

加拿大：通货膨胀率上升，超出预期，因为潜在通货膨胀未能缓和。9月份的CPI通胀率为2.4%，高于2.2%的预期。9月份的通胀率高于8月份的1.9%。

Canada: Inflation Ticks Higher, Surpassing Expectations, as Underlying Inflation Fails to Moderate.Headline CPI inflation for September came in at 2.4% year-on-year (y/y), ahead of expectations for a 2.2% y/y print. September's reading was up from 1.9% in August.