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.
加拿大銀行(Boc)週三將其主要政策利率下調25個點子至4.25%，這是自6月以來的第三次連續減息。
The move was widely anticipated by market participants as inflation and the labor market continued to show signs of slowing.
市場參與者普遍預料到這一舉措，因爲通脹和勞動市場繼續顯示放緩跡象。
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.
加拿大經濟在第二季度增長了2.1%，主要由政府支出和企業投資帶動。然而，勞動力市場仍在放緩，近幾個月就業幾乎沒有變化。然而，工資增長相對於生產率仍然較高。
During a press conference, Governor Tiff Macklem suggested that further rate cuts may be on the horizon if inflation continues to ease as expected.
在一次新聞發佈會上，總裁蒂夫·麥克萊姆表示，如果通脹按預期繼續放緩，未來可能會有進一步的減息。
"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.
"如果通脹繼續廣泛按照我們7月的預測放緩，合理地預期我們的政策利率將進一步下調，" 麥克萊姆表示。
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月通脹降至2.5%，與加拿大銀行的目標區間一致。核心通脹指標也平均約爲2.5%，但中央銀行指出，高房屋價格通脹仍然是整體通脹的最大貢獻者。住房成本現在終於開始放緩。
Market Reactions
市場反應
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.
週三，加拿大市場對加拿大銀行減息決定作出積極反應。投資者顯示出樂觀情緒，推動股票和債券上漲。
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.
加國10年期國債收益率下降5個點子至3.2％，反映出對政府債務的增加需求。加幣或稱鷹派兌美元升值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%.
加拿大股市反彈，iShares MSCI加拿大ETF（紐約交易所：EWC）上漲0.6％，而富蘭克林FTSE加拿大ETF（紐約交易所：FLCA）上漲0.7％。
Wednesday's Top Gainers in Canadian Stocks:
週三加拿大股市漲幅榜：
| 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（紐約交易所：TU） | 3.52% |
| Innergex可再生能源公司. | 3.52% |
| Cargojet OYJ (OTCPK: CYJBY) | 3.10% |
| 龐巴迪公司 (OTCPK: BDRBF) | 2.87% |
| 鮑氏健康公司（紐交所：BHC） | 2.72% |
| Terra Vest Industries股份有限公司。 | 2.70% |
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