加拿大将钢铁产品的关税订单水平从2024年产量的100%降至50%。加拿大将非自由贸易协定国家钢铁产品的关税配额从2024年产量的100%降至50%——声明

Canada to lower tariff order levels from 100% to 50% of 2024 volumes for steel products.Canada to lower tariff-rate quota levels from 100% to 50% of 2024 volumes for steel products from non-free trade agreement countries – statement

加拿大6月房屋开工量为283.7K，而预期为259K。这不是一个影响市场的发布，绝对不是市场或加拿大央行 目前正集中精力。在昨天的加拿大CPI之后，价格进一步下跌，到年底再次降息的可能性现在不到50%。

Canada June housing starts 283.7K vs 259K expected.This is not a market moving release and definitely not something the market or the BoC is focused on right now. After yesterday's Canadian CPI, the pricing shrinked further and another rate cut by year-end has now less than 50% chance of happening.

加元反弹，交易员关注粘性核心通胀。交易员对加拿大整体CPI不屑一顾，并锁定了粘性核心通胀，导致加元走高，降息可能性降低。

Canadian Dollar Rebounds as Traders Focus on Sticky Core Inflation.Traders shrugged off Canada's headline CPI and locked in on sticky core inflation, sending CAD higher and rate cut odds lower.

周二，标准普尔/多伦多证交所综合指数下跌0.5%，收于27054点，从历史高点回落，因为海湾街重新调整了对国内通胀和贸易战风险的调整。6月份的整体CPI为1.9%，加上仍然很高的3%的削减后平均核心利率，强化了人们对中国银行将隔夜利率保持在2.75%而不是转向降息的预期，促使利率敏感行业获利回吐。与此同时，特朗普总统再次威胁对欧盟和墨西哥进口商品征收30%的关税，加上对加拿大出口商品在美墨加协定例外情况下征收的现有关税，重新引发了人们对资源和汽车出口商跨境贸易量的担忧。能源生产商领跌，加拿大自然资源公司下跌1.4%，森科尔能源公司下跌0.9%，帝国石油公司下跌1%，而Wheaton Precious和Barrick各下跌0.7%以上，Shopify下跌约1.3%，金融股也下跌。

The S&P/TSX Composite eased 0.5% to close at 27,054 on Tuesday, pulling back from record highs as Bay Street recalibrated to sticky domestic inflation and elevated trade-war risks. June’s headline CPI of 1.9%, coupled with a still-high 3% trimmed-mean core rate, reinforced expectations that the BoC will hold its overnight rate at 2.75% rather than pivot to cuts, prompting profit-taking in rate-sensitive sectors. At the same time, President Trump’s renewed threat of 30% tariffs on EU and Mexican imports, added to existing duties on Canadian exports outside USMCA carve-outs, revived concerns over cross-border volumes for resource and auto exporters. Energy producers led the decline, with Canadian Natural Resources down 1.4%, Suncor Energy off 0.9% and Imperial Oil slipping 1%, while Wheaton Precious and Barrick each shed over 0.7%, Shopify lost about 1.3% and financials also traded lower.