前瞻性指引：加拿大通胀可能保持稳定，因为我们看到更多延迟的美国数据。假期前繁忙的一周关键数据发布包括加拿大通胀、住房和就业，而美国将推迟发布就业和通胀数据。

Forward Guidance: Canada's Inflation Likely Held Steady as We See More Delayed U.S. Data.A busy week of key data releases ahead of the holidays includes Canadian inflation, housing, and employment, while the U.S. will see delayed releases on jobs and inflation.

活动指南：加拿大CPI报告（2025年11月）。随着中国银行预计将在今年晚些时候宣布进一步宽松政策，即将到来的CPI会将其温和周期延长到2026年初吗？以下是即将发布的通胀报告中需要注意的事项。

Event Guide: Canada's CPI Report (November 2025).With the BOC expected to announce further easing later this year, will the upcoming CPI extend their dovish cycle until early 2026? Here's what to look out for in the upcoming inflation report.

加拿大央行结束长期降息周期后加元保持稳定。加元周四保持坚挺，英镑兑加元汇率为1.84929，市场对加拿大央行在连续九次降息后决定暂停在2.25%的汇率做出了积极反应，并表明对通胀的立场更加中立。这一水平被视为大致中性，适合保持通货膨胀。

Canadian Dollar: Steady After Bank of Canada Ends Long Cutting Cycle.The Canadian Dollar held firm on Thursday, with the GBP to CAD exchange rate trading at 1.84929 as markets reacted positively to the Bank of Canada's decision to pause at 2.25 percent after nine consecutive cuts and signal a more neutral stance on inflation. This level is seen as broadly neutral and appropriate for keeping inflation.

中国银行持2.25%，尽管贸易不确定性，加拿大经济仍显示出弹性。由于贸易波动影响了前景，中行维持在2.25%，在交易员等待麦克勒姆州长发出更明确信号的同时，保持加元稳定。

BOC Holds at 2.25% As Canadian Economy Shows Resilience Despite Trade Uncertainty.BOC held at 2.25% as trade swings shaped the outlook, keeping CAD steady while traders waited for clearer signals from Gov. Macklem.