前进指导：加拿大央行 在8月份加拿大GDP持平之前削减。美国联邦储备委员会和加拿大银行预计将于周三下调政策利率，比9月份各降息25个基点。

Forward Guidance: BoC to Cut Before a Flat GDP Print for Canada in August.The U.S. Federal Reserve and Bank of Canada are both expected to cut policy rates on Wednesday, adding to 25 basis point reductions from each in September.

加拿大央行在特朗普总统终止贸易谈判时出现下滑——丰业银行。加拿大央行在特朗普总统终止贸易谈判时出现下滑——丰业银行

CAD slips as President Trump terminates trade talks – Scotiabank.CAD slips as President Trump terminates trade talks – Scotiabank

标准普尔/多伦多证交所综合指数周五上涨约0.5%，至30300点以上，因低于预期的美国通胀提振了风险偏好，并强化了市场对美联储降息的近乎确定的定价，有助于抵消与美国重新出现的贸易紧张局势。所有九个主要板块均上涨，对利率敏感的科技股领涨。Shopify上涨超过2.5%，Constellation Software上涨约1%，Celestica上涨约4%。布鲁克菲尔德对财务状况进行了评估，涨幅略高于1%。然而，在唐纳德·特朗普总统周四晚些时候宣布终止与加拿大的贸易谈判后，贸易摩擦仍然限制了更强劲的涨幅，他援引了安大略省政府的一则有争议的广告，此举是在美国早些时候对加拿大钢铁、铝和汽车征收关税之后采取的，并使正在进行的行业谈判复杂化。本周，多伦多交易所的周涨幅预计将超过0.5%。

The S&P/TSX Composite rose around 0.5% to above the 30,300 mark on Friday as cooler-than-expected US inflation bolstered risk appetite and reinforced markets’ near-certain pricing of Fed cuts, helping to offset renewed trade tensions with the United States. All nine major sectors traded higher with rate-sensitive tech names leading the advance. Shopify climbed more than 2.5%, Constellation Software rose about 1% and Celestica gained roughly 4%. Brookfield paced the financials, adding just over 1%. However, trade friction still capped stronger gains after President Donald Trump late Thursday announced the termination of trade talks with Canada, citing a controversial Ontario government advertisement, a move that follows earlier tariffs the US imposed on Canadian steel, aluminium and autos and complicates ongoing sectoral negotiations. For the week, the Toronto exchange was poised for an over 0.5% weekly advance.

2025年9月，加拿大新房价格环比下跌0.2%，此前8月下跌0.3%，未达到市场预期的0.2%涨幅。这是连续第六个月下跌，反映出房地产市场持续疲软。土地价格指数在上个月下跌0.2%后小幅下跌0.1%，而不包括土地的房价指数在8月份下跌0.4%后下跌0.2%。

New housing prices in Canada fell 0.2% month-over-month in September 2025, following a 0.3% drop in August and missing market expectations of a 0.2% increase. It was the sixth consecutive monthly decline, reflecting ongoing weakness in the housing market. The land price index edged down 0.1% after a 0.2% fall in the previous month, while the house price index excluding land decreased 0.2%, following a 0.4% drop in August.