Bank Of Canada Cuts Rates Again As Inflation, Labor Market Cool: Canadian Stocks Rebound, Loonie Strengthens
Bank Of Canada Cuts Rates Again As Inflation, Labor Market Cool: Canadian Stocks Rebound, Loonie Strengthens
The Bank of Canada (BoC) reduced its key policy rate by 25 basis points to 4.25% on Wednesday, marking the third consecutive rate cut since June.
加拿大银行(Boc)周三将其主要政策利率下调25个基点至4.25%，这是自6月以来的第三次连续降息。
The move was widely anticipated by market participants as inflation and the labor market continued to show signs of slowing.
市场参与者普遍预料到这一举措，因为通胀和劳动市场继续显示放缓迹象。
The Canadian economy grew by 2.1% in the second quarter, led by government spending and business investment. However, the labor market continues to slow, with little change in employment in recent months. Wage growth, however, remains elevated relative to productivity.
加拿大经济在第二季度增长了2.1%，主要由政府支出和企业投资带动。然而，劳动力市场仍在放缓，近几个月就业几乎没有变化。然而，工资增长相对于生产率仍然较高。
During a press conference, Governor Tiff Macklem suggested that further rate cuts may be on the horizon if inflation continues to ease as expected.
在一次新闻发布会上，总裁蒂夫·麦克莱姆表示，如果通胀按预期继续放缓，未来可能会有进一步的降息。
"If inflation continues to ease broadly in line with our July forecast, it is reasonable to expect further cuts in our policy rate," Macklem said.
"如果通胀继续广泛按照我们7月的预测放缓，合理地预期我们的政策利率将进一步下调，" 麦克莱姆表示。
Inflation cooled to 2.5% in July, aligning with the BoC's target range. Core inflation measures also averaged around 2.5%, but the central bank noted that high shelter price inflation remains the biggest contributor to overall inflation. Shelter costs are now finally starting to ease.
7月通胀降至2.5%，与加拿大银行的目标区间一致。核心通胀指标也平均约为2.5%，但中央银行指出，高房屋价格通胀仍然是整体通胀的最大贡献者。住房成本现在终于开始放缓。
Market Reactions
市场反应
Canadian markets reacted positively on Wednesday following the Bank of Canada's decision to cut interest rates. Investors showed optimism, pushing both stocks and bonds higher.
周三，加拿大市场对加拿大银行降息决定作出积极反应。投资者显示出乐观情绪，推动股票和债券上涨。
Yields on Canadian 10-year Treasury bonds dropped by 5 basis points to 3.2%, reflecting increased demand for government debt. The Canadian dollar or Loonie rose 0.3% to 1.35 levels against the dollar.
加国10年期国债收益率下降5个基点至3.2％，反映出对政府债务的增加需求。加币或称鹰派兑美元升值0.3％至1.35水平。
Canadian equities rebounded, with the iShares MSCI Canada ETF (NYSE:EWC) rising 0.6%, while the Franklin FTSE Canada ETF (NYSE:FLCA) gained 0.7%.
加拿大股市反弹，iShares MSCI加拿大ETF（纽约交易所：EWC）上涨0.6％，而富兰克林FTSE加拿大ETF（纽约交易所：FLCA）上涨0.7％。
Wednesday's Top Gainers in Canadian Stocks:
周三加拿大股市涨幅榜：
| Name | 1-Day % |
| Cameco Corporation (NYSE:CCJ) | 3.58% |
| TELUS Corp. (NYSE:TU) | 3.52% |
| Innergex Renewable Energy Inc. | 3.52% |
| Cargojet OYJ (OTCPK: CYJBY) | 3.10% |
| Bombardier Inc. (OTCPK: BDRBF) | 2.87% |
| Bausch Health Companies Inc. (NYSE:BHC) | 2.72% |
| Terra Vest Industries Inc. | 2.70% |
| 姓名 | 1日% |
| 坎米克斯公司（NYSE:CCJ） | 3.58% |
| 泰勒斯有限公司（纽约交易所：TU） | 3.52% |
| Innergex可再生能源公司. | 3.52% |
| Cargojet OYJ (OTCPK: CYJBY) | 3.10% |
| 庞巴迪公司 (OTCPK: BDRBF) | 2.87% |
| 鲍氏健康公司（纽交所：BHC） | 2.72% |
| Terra Vest Industries股份有限公司。 | 2.70% |
Now Read:
现在就阅读吧:
- July Job Openings Fall To 3-Year Lows, Gap With Unemployment Narrows To Near Parity: Traders Raise Rate Cut Bets
- 七月份职位空缺降至三年低点，与失业率的差距缩小至接近平价：交易员加大了降息赌注
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