尽管PMI有所下降，但加元仍徘徊在熟悉的低点附近。周四，加元（CAD）兑美元汇率仍处于低位，Loonie交易员以不温不火的姿态开始了新的一年。在2024年最后一个季度，Loonie从上到下下跌了近8%，但由于市场预期对CAD造成压力，Looni正努力寻求技术复苏。

Canadian Dollar stuck near familiar lows despite PMI beat.The Canadian Dollar (CAD) remained stuck on the low side against the Greenback on Thursday, with Loonie traders kicking off the new year in a tepid stance. After shedding nearly eight percent top-to-bottom through the last quarter of 2024, the Loonie is struggling to find a technical recovery as market expectations weigh on the CAD.

标准普尔/多伦多证交所综合指数在2025年的第一个交易日上涨1%，接近25000点大关，追随华尔街的强劲走势，反映出今年对北美股市的乐观程度。黄金矿商领涨，Agnico Eagle、Barrick Gold、Wheaton和Franco Nevada受益于金价上涨3.5%至2.5%的强劲势头。能源生产商也大多上涨，加拿大天然气公司、森科尔公司和帝国石油公司上涨超过2%。在数据方面，标普PMI调查显示，12月国内制造业扩张超过预期，与美国、欧洲和中国制造业疲软形成鲜明对比。

The S&P/TSX Composite Index was 1% higher to approach the 25,000 mark on the first trading day of 2025, tracking a strong session in Wall Street to reflect a degree of optimism for North American equities this year. Gains were led by by bullion miners with Agnico Eagle, Barrick Gold, Wheaton, and Franco-Nevada benefitting from the strong momentum of gold prices to rise between 3.5% and 2.5%. Energy producers were also mostly higher, with Canadian Natural, Suncor, and Imperial Oil jumping more than 2%. On the data front, S&P PMI surveys showed that the domestic manufacturing sector expanded by more than expected in December, contrasting with weakening manufacturing in the US, Europe, and China.

标准普尔全球加拿大制造业采购经理人指数从11月的52升至2024年12月的52.2，超过了市场预期的51.9。这标志着自2023年2月以来最强劲的工厂活动增长，也是连续第四个月的扩张，这得益于产量和新订单的增加，以及就业的持续增长。总体出口基本保持不变，尽管有报道称，由于预计2025年当选总统特朗普将对加拿大商品征收关税，美国客户的需求和销售额将有所增长。与此同时，邮政和港口罢工导致供应商业绩进一步下滑，并推动成品库存创下调查记录的增长。在成本方面，12月投入价格通胀加速，达到2023年4月以来的最高水平；平均输出费用再次上升。最后，12月对前景的信心是积极的，总体信心达到近10年来的最高水平 一年半。

The S&P Global Canada Manufacturing PMI rose to 52.2 in December 2024, up from 52 in November and exceeding market estimates of 51.9. This marked the strongest factory activity growth since February 2023 and the 4th successive month of expansion, driven by increases in output and new orders, accompanied by a continued rise in employment. Overall exports remained largely unchanged, despite reports of stronger demand and some sales growth to US clients in anticipation of tariffs on Canadian goods under President-elect Trump in 2025. Meanwhile, postal and port strikes contributed to a further decline in vendor performance and drove a survey-record increase in stocks of finished goods. On the cost front, input price inflation accelerated during December, reaching its highest level since April 2023; and average output charges rose again. Finally, confidence in the outlook was positive in December, with confidence overall reaching its highest level in nearly a year-and-a-half.

加拿大标准普尔全球制造业采购经理人指数为52.2，高于12月的预测（51.9）。加拿大标准普尔全球制造业采购经理人指数为52.2，高于12月的预测（51.9）

Canada S&P Global Manufacturing PMI came in at 52.2, above forecasts (51.9) in December.Canada S&P Global Manufacturing PMI came in at 52.2, above forecasts (51.9) in December