经济韧性强于预期 加拿大央行如期宣布维持利率不变

Group 1 - The Bank of Canada announced to maintain the benchmark interest rate at 2.25%, indicating that the current rate is suitable to address pressures from trade wars and help stabilize inflation near target levels [1] - Recent economic data shows stronger-than-expected resilience in the Canadian economy, with the labor market adding 181,000 jobs over the past three months and a third-quarter annualized GDP growth rate of 2.6%, significantly above expectations [4] - The Bank of Canada emphasized that the current policy rate is approximately appropriate and is prepared to take measures if the economic outlook changes [1][4] Group 2 - The Canadian dollar weakened against the US dollar following the announcement, dropping to a low of 1.3860 CAD per USD, a decrease of about 0.1% [4] - Canadian government bond yields fell across the board, with the two-year bond yield declining by approximately 3 basis points to 2.66% [4] - The Bank of Canada noted that while there are signs of improvement in the labor market, trade-sensitive sectors remain weak, and corporate hiring intentions are low [6] Group 3 - The Bank of Canada warned that the review of the North American trade agreement, ongoing tariff impacts, and volatility in economic data contribute to increased uncertainty in the economic outlook [5] - The central bank's statement suggests that significant economic deterioration would be required to trigger a rate cut, indicating a long-term view of maintaining interest rates [4][6] - The upcoming January forecast will incorporate the first budget from Prime Minister Carney's government, which is expected to increase defense spending and investment plans, thereby boosting both demand and supply in the economy [4]