加拿大央行管理委员会担心通货膨胀可能会持续更长时间。作者：Promit Mukherjee

Bank of Canada governing council is concerned inflation could persist for longer.By Promit Mukherjee

周二，随着伊朗-以色列冲突进入第五天，标准普尔/多伦多证券交易所综合指数在26570点附近窄幅交易，在担心更广泛的地区升级的情况下，投资者转向避风港。美国总统特朗普呼吁德黑兰“全面撤离”，并打趣道“伊朗应该签署我告诉他们签署的‘协议’”，加剧了市场的紧张情绪，尽管有报道称伊朗正在游说阿拉伯国家敦促停火，以换取核谈判的灵活性。在国内，总理贾斯廷·特鲁多宣布，他和特朗普总统已责成他们的团队在30天内敲定一项新的经济和安全协议，这令市场感到惊讶。在行业走势中，加拿大天然气公司、森科尔公司和Cenovus等能源公司因油价走强而上涨约1%，而Agnico Eagle在黄金避险买盘中领涨矿商。相反，成长型股票Shopify表现不佳，随着投资者转向防御性行业，跌幅近1%。

The S&P/TSX Composite Index traded narrowly around the 26,570 level on Tuesday as the Iran–Israel conflict entered its fifth day, driving investors toward havens amid fears of broader regional escalation. US President Trump’s call for Tehran’s “full evacuation” and his quip that “Iran should have signed the ‘deal’ I told them to sign” intensified market jitters, even as reports emerged that Iran was lobbying Arab states to press for a ceasefire in exchange for flexibility on nuclear talks. Back home, Prime Minister Justin Trudeau surprised markets by announcing he and President Trump have tasked their teams with finalizing a new economic and security pact within 30 days. In sector moves, energy names such as Canadian Natural, Suncor and Cenovus rallied around 1% on firmer oil prices, while Agnico Eagle led miners higher amid gold’s safe-haven bid. Conversely, growth-stock Shopify underperformed, slipping nearly 1% as investors rotated toward defensive sectors.

2025年4月，外国投资者减持了93.6亿加元的加拿大证券，这是继3月份减少42亿加元后连续第三个月撤资。减少的主要原因是加拿大债券流出251亿加元，这是自2018年12月以来最大的月度撤资，这是由到期债券推动的，尤其是那些原始到期时间在2至10年之间的债券。私人公司债券的外流幅度最大（-173亿加元），其次是省级债券（-71亿加元）和联邦债券（-25亿加元）。相比之下，外国投资者增加了货币市场工具和股票。4月份的回调是在第一季度强劲的523亿加元债券投资之后出现的，这得益于新的私人企业债务发行。（编辑）

Foreign investors reduced their holdings of Canadian securities by C$9.36 billion in April 2025, marking the third consecutive month of divestment, following a C$4.2 billion decline in March. The reduction was led by a C$25.1 billion outflow from Canadian bonds—the largest monthly divestment since December 2018—driven by maturing bonds, especially those with original maturities between 2 and 10 years. Private corporate bonds saw the steepest outflow (-C$17.3 billion), followed by provincial (-C$7.1 billion) and federal bonds (-C$2.5 billion). In contrast, foreign investors added money market instruments and equities. The April pullback followed a strong C$52.3 billion bond investment in Q1, fueled by new private corporate debt issuance. (editado)

周一，标准普尔/多伦多证交所综合指数上涨0.2%，收于26569点，中东紧张局势缓解，伊朗-以色列战线缓和的希望再次燃起，使投资者能够重新关注阿尔伯塔省的七国集团峰会和即将到来的美联储政策决定。在Meta和Palantir等全球同行的帮助下，信息技术股领涨，推动该行业上涨1.3%，而金融股也表现出色，上涨0.7%，权重股加拿大皇家银行、布鲁克菲尔德银行、蒙特利尔银行和丰业银行各上涨约1%。庞巴迪公司宣布与法国赛峰集团建立国防技术合作伙伴关系后，股价上涨2.4%。在经济数据方面，加拿大抵押贷款和住房公司报告称，5月份房屋开工的六个月趋势持平，为243407套，MLS记录的房屋销售比4月份增长了3.6%，这是自去年11月以来的首次增长，突显了国内需求的稳定。能源股下跌，因有报道称伊朗恢复谈判，油价下跌。

The S&P/TSX Composite Index climbed 0.2% to close at 26,569 on Monday, as easing Middle East tensions and renewed hopes of de-escalation at the Iran–Israel front allowed investors to refocus on the G7 summit in Alberta and looming Fed policy decisions. Information-technology names led the advance, helped by global peers such as Meta and Palantir, lifting the sector 1.3%, while financials also outperformed, up 0.7%, with heavyweights RBC, Brookfield, BMO and Scotiabank each gaining around 1%. Bombardier jumped 2.4% after announcing a defence-technology partnership with France’s Safran. On the economic data front, Canada Mortgage and Housing Corporation reported May’s six-month trend in housing starts was flat at 243,407 units, and MLS-recorded home sales rose 3.6% from April, the first uptick since last November, underscoring steady domestic demand. Energy shares lagged as oil prices slipped on reports of resumed Iran talks.