加拿大10年期政府债券收益率降至约3.15%，此前加拿大央行将政策利率下调25个基点至2.5%，并标志着持续的宽松政策，市场重新定价了政策和长期通胀的预期路径。在国内，增长放缓加剧，第二季度GDP收缩约1.6%，出口暴跌约27%，这削弱了增长和贸易前景，使未来降息更有可能。与此同时，8月份整体通胀率降至1.9%，使中国银行有空间在不损害其目标的情况下放松政策，劳动力市场疲软减轻了短期工资压力。最后，美国国债收益率下降和全球长期利率普遍回落已经传导到加拿大国债，并压缩了期限溢价。

The yield on the Canadian 10-year government bond eased to about 3.15% as markets repriced the expected path for policy and long run inflation after the Bank of Canada cut its policy rate by the widely anticipated 25 basis points to 2.5% and signalled a durable easing campaign. Domestically a sharper growth slowdown has reinforced that repricing with second quarter GDP contracting roughly 1.6% and exports plunging about 27%, which weakened the growth and trade outlook and made future rate cuts more plausible. At the same time headline inflation eased to 1.9% in August, giving the BoC room to loosen policy without jeopardising its target, and labour market weakness has reduced near term wage pressure. Finally lower US Treasury yields and a general retreat in global long rates have transmitted to Canadian paper and compressed the term premium.