标准普尔/多伦多证交所综合指数周三上涨1.1%，收于25567点，所有主要板块均处于上涨区间，矿业股领涨，投资者评估了关键经济数据。Agnico Eagle、Wheaton Precious、Barrick Gold和Franco-Nevada上涨2.8%至3.2%，受美中贸易紧张局势加剧导致金价创历史新高的推动。权重股金融和能源板块也有助于上涨，尽管油价疲软，但能源生产商仍在上涨。在经济方面，加拿大在连续九次出现赤字后，于12月首次实现贸易顺差，这是该国今年的第三次贸易顺差。与此同时，综合采购经理人指数从12月的49.0微升至1月的49.5，表明在服务业疲软的推动下，私营部门产出持续收缩，而制造业连续第四个月扩张。

The S&P/TSX Composite Index climbed 1.1% to close at 25,567 on Wednesday, with all major sectors in positive territory, led by strong gains in mining stocks as investors assessed key economic data. Agnico Eagle, Wheaton Precious, Barrick Gold, and Franco-Nevada advanced between 2.8% and 3.2%, fueled by record-high gold prices amid heightened US-China trade tensions. The heavyweight financial and energy sectors also contributed to gains, with energy producers rising despite weaker oil prices. On the economic front, Canada posted its first trade surplus in December after nine consecutive deficits, marking its third surplus of the year. Meanwhile, the composite PMI inched up to 49.5 in January from 49.0 in December, signaling a continued contraction in private-sector output, driven by weakness in services, while manufacturing expanded for a fourth straight month.

周三加元继续走高。周三，加元兑美元测试走高，在本周早些时候从几十年低点大幅复苏后，仅上涨了0.1%的五分之一。周中市场时段，美国数据主导了市场头条，交易员风险偏好的普遍改善正在对美元产生影响，这给了Loonie一个支撑。

Canadian Dollar continues to drift higher on Wednesday.The Canadian Dollar (CAD) tested higher against the Greenback on Wednesday, chalking in a scant one-fifth of one percent gain following the early week's sharp recovery from multi-decade lows. Us data dominated market headlines during the midweek market session, and a general improvement in trader risk appetite is stepping down on the US Dollar, giving the Loonie a leg up.

2月份，加元兑美元汇率超过1.43，达到七周高点，因为投资者欢迎经济势头的迹象和与美国贸易紧张局势的缓解。尽管连续第二个月出现收缩，但1月份的综合采购经理人指数从49升至49.5，服务业继续下降，而制造业连续第四个月增长，企业预计将降息以支持经济活动。加拿大在经历了九个月的贸易逆差后，于12月首次实现贸易顺差，这是该国今年的第三次贸易顺差。在特鲁多总理确认暂停美国关税30天后，加元继续上涨，缓解了贸易中断的担忧。然而，由于2024年1.4%的温和年增长率，加元仍面临压力。加拿大银行计划在3月份恢复资产购买，目标是在2026年底前恢复二级市场债券购买。

The Canadian dollar strengthened past 1.43 per USD in February, reaching a seven-week high as investors welcomed signs of economic momentum and easing trade tensions with the U.S. Despite a second consecutive month of contraction, the composite PMI improved to 49.5 in January from 49, with services continuing to decline while manufacturing grew for the fourth month, with businesses expecting reduced interest rates to support economic activity. Canada also posted its first trade surplus in December after nine months of deficits, its third surplus of the year. The loonie extended its rally after Prime Minister Trudeau confirmed a 30-day pause on U.S. tariffs, easing trade disruption fears. However, the loonie remains under pressure due to a modest annual growth rate of 1.4% in 2024. The Bank of Canada plans to resume asset purchases in March, with the goal of restoring secondary market bond purchases by the end of 2026.

标准普尔/多伦多证交所综合指数周三上涨0.3%，突破25340点大关，主要矿业股表现强劲，投资者消化了关键经济数据。Agnico Eagle、Wheaton Precious、Barrick Gold和Franco Nevada的涨幅在2.1%至3.1%之间，这是由于对潜在的美中贸易战的担忧促使投资者转向安全领域，金价创下历史新高。相比之下，金融和能源部门仍处于负值区域。在经济方面，加拿大在12月连续九次出现赤字后，首次在国际贸易中实现盈余，这是今年的第三次盈余。此外，综合采购经理人指数从12月的49.0升至1月的49.5，表明私营部门产出连续第二个月收缩，衰退集中在服务业。然而，制造业产出连续第四个月增长。

The S&P/TSX Composite Index rose 0.3% to surpass the 25,340 mark on Wednesday, bolstered by strong performances in major mining stocks, while investors digested key economic data. Agnico Eagle, Wheaton Precious, Barrick Gold, and Franco-Nevada saw gains ranging from 2.1% to 3.1%, driven by record-high gold prices as concerns over a potential US-China trade war spurred a flight to safety. In contrast, the financial and energy sectors remained in negative territory. On the economic front, Canada posted its first surplus in international trade after nine consecutive deficits in December, marking its third surplus of the year. Additionally, the composite PMI rose to 49.5 in January from 49.0 in December, signaling a second consecutive month of contraction in private-sector output, with the downturn concentrated in the services sector. However, manufacturing output saw growth for the fourth month in a row.