随着看涨复苏的持续，加元看起来更高。随着看涨复苏的持续，加元看起来更高

Canadian Dollar looks higher as bullish recovery continues.Canadian Dollar looks higher as bullish recovery continues

标准普尔/多伦多证交所综合指数周一上涨约1%，收于30200点以上，因为结束美国政府停摆的进展提高了风险偏好，大宗商品价格上涨为出口商提供了明显的顺风。美国参议院通过了一项程序性措施，以推进一项重新开放联邦业务的法案，该法案缓解了避险资金流动，提振了全球需求预期。金价和油价走强帮助支撑了加拿大生产商，其中许多生产商上周收盘上涨。主要矿商领涨，巴里克矿业上涨超过7%，随着金价上涨，Agnico Eagle和Wheaton Precious Metals各上涨超过2%。科技股上涨，Celestica上涨超过5%，Shopify上涨超过3%，金融股也稳步走高。

The S&P/TSX Composite rose about 1% to sit above the 30,200 mark on Monday as progress toward ending the US government shutdown lifted risk appetite and higher commodity prices provided a clear tailwind for exporters. The US Senate passed a procedural measure to advance a bill to reopen federal operations, which eased safe haven flows and bolstered global demand expectations. Stronger gold and oil prices helped underpin Canadian producers, many of which finished last week with gains. Major miners led the advance with Barrick Mining jumping more than 7% and Agnico Eagle and Wheaton Precious Metals each adding over 2% as bullion rallied. Tech added to the upside with Celestica up over 5% and Shopify gaining more than 3%, and financials also traded firmly higher.

周一，追踪加拿大标准普尔/多伦多证交所综合指数的期货大幅上涨，这得益于美国参议院通过了一项程序性措施，提出了一项法案，以结束美国政府40天的停摆并重新开放联邦业务，从而改善了全球情绪。此举提振了全球风险偏好，而金价和油价上涨进一步支撑了加拿大生产商，其中大部分生产商上周收盘上涨。ECN Capital将于今天公布其第三季度业绩，预计收益和收入会更高。Premium Brands也将发布报告，预测显示其表现强劲。

Futures tracking Canada’s S&P/TSX Composite Index rose sharply on Monday, supported by improved global sentiment after the US Senate passed a procedural measure to advance a bill to end the 40-day US government shutdown and reopen federal operations. The move lifted risk appetite worldwide, while higher gold and oil prices added further support to Canadian producers, most of which ended last week with gains. ECN Capital is set to release its third-quarter results today, with expectations of higher earnings and revenue. Premium Brands will also report, with forecasts pointing to strong performance.

10年期加拿大政府债券收益率攀升至一个月高点3.18%以上，因为市场从对即将到来的降息定价转向预期宽松政策将暂停更长时间。10月份的劳工意外收紧了政策前景，失业率从7.1%降至6.9%，全国就业人数增加了约66600人，而工资增长加速至约4%，这些数据增加了利率在更长时间内保持较高水平的可能性。加拿大央行强化了这一立场，强调需要将政策保持在收缩水平，直到通货膨胀明显回到目标水平，因为央行下调的平均核心指标升至2024年2月以来的最高水平，推高了预期的实际利率。与此同时，渥太华更广泛的财政赤字增加了主权债券发行量增加和长期债券供应溢价增加的可能性。外部方面，在政府关门谈判取得进展和数据喜忧参半后，美国国债收益率走强。

The 10-year Canadian government yield climbed past 3.18%, a one-month high, as markets shifted from pricing imminent cuts to expecting a longer pause in easing. October’s labour surprise tightened the policy outlook with the unemployment rate falling to 6.9% from 7.1% and national employment up about 66,600, while wage growth accelerated to roughly 4%, readings that raise the odds of rates staying higher for longer. The Bank of Canada reinforced that stance by stressing the need to keep policy at a contractionary level until inflation is clearly back to target as the BoC’s trimmed-mean core gauge moved to its highest level since February 2024, which pushed up expected real rates. At the same time Ottawa’s much wider fiscal deficit raised the prospect of heavier sovereign issuance and a larger supply premium on long-dated paper. Externally, US Treasury yields firmed after progress on shutdown talks and mixed data.