加元的汇率是多少？从7月份大幅复苏后，美元兑美元汇率为1.36？17低？1.374，受美元走软提振，此前市场再次乐观地认为美日和美欧贸易协定将避免关税升级。原油价格也走强，加强了加拿大的石油出口收入，并为加元提供了额外的支持。然而，随着市场重新关注即将到来的8月，这种反弹已经停滞？在第一个关税最后期限，美加谈判陷入僵局，卡尼总理坚持“没有坏协议”，这引发了惩罚性征税的担忧。？与此同时，6月份零售销售走强可能会支撑国内增长预期，并减轻中国银行延长宽松周期的压力。

The Canadian dollar traded around?1.36 per US dollar after recovering sharply from its July?17th low of?1.374, lifted by a softer US dollar following renewed optimism that US–Japan and US–EU trade agreements would avert an escalation of tariffs. Crude prices also firmed, reinforcing Canada’s oil-export revenues and lending additional support to the loonie. ?However, that rebound has stalled as markets refocus on the looming August?1st tariff deadline, where stalled US–Canada negotiations and Prime Minister Carney’s insistence on “no bad deal” have raised the specter of punitive levies. ?At the same time, stronger June retail sales likely underpin domestic growth expectations and lift pressure on the BoC to extend its loosening cycle.

周四，标准普尔/多伦多证交所综合指数下跌约0.1%，跌破27390点，创下近期历史新高，尽管贸易紧张局势有所缓解，但加拿大大宗商品综合指数仍面临压力。在日本达成关税削减协议，欧盟特使表示在达成类似协议方面取得进展后，黄金失去了一些避险吸引力，拖累重量级矿商Agnico Eagle、Wheaton Precious、Barrick和Franco-Nevada下跌0.9%至1.7%。贱金属领军企业泰克资源公司在公布第二季度利润低于预期后暴跌约3.5%，尽管原油基准走强，但Cenovus等能源公司仍下跌约4%。在经济方面，加拿大统计局的初步数据显示，6月份零售额反弹约1.6%。

The S&P/TSX Composite fell around 0.1% to below the 27,390 mark on Thursday, relinquishing its recent record highs as Canada’s commodities complex came under pressure despite easing trade tensions. Gold lost some of its safe-haven appeal after Japan secured a tariff-cut deal and EU envoys signaled progress toward a similar pact, dragging heavyweight miners Agnico Eagle, Wheaton Precious, Barrick and Franco-Nevada down between 0.9% and 1.7%. Base-metals leader Teck Resources plunged around 3.5% after reporting weaker-than-expected second-quarter profits, and energy names such as Cenovus fell roughly 4% despite firmer crude benchmarks. On the economic front, preliminary Statistics Canada data pointed to a roughly 1.6% rebound in retail sales in June.

加拿大：5月份汽车销售回落，零售额暴跌。汽车销量大幅回落，前两个月关税驱动的前期负荷逆转，汽车销量下降3.6%。除汽车外，销售额下降了0.2%。

Canada: Retail Sales Plunge as Auto Sales Pull-Back in May.The sharp pull-back was led by auto sales, which fell by 3.6% m/m as the tariff-driven front-loading seen in the prior two months reversed course. Ex-autos, sales were down 0.2%.

加拿大5月份零售额下降1.1%，但反弹仍在继续。加拿大5月份零售额环比下降1.1%，至69.2亿加元，主要原因是机动车和零部件经销商环比下降3.6%。虽然标题数字令人失望，但不包括汽车和汽油在内的核心零售额持平，表明潜在消费比标题显示的更稳定。

Canadian retail sales fall -1.1% mom in May, but rebound seen ahead.Canadian retail sales fell -1.1% mom to CAD 69.2B in May, with the decline driven largely by -3.6% mom drop at motor vehicle and parts dealers. While the headline figure disappointed, core retail sales—which exclude autos and gasoline—were flat, suggesting underlying consumption was more stable than the headline suggests.