纽币/加元 (NZDCAD) 加自选

随着美联储采取回避措施，加拿大央行将放缓降息速度。加拿大央行预计将在周三以更渐进的25个基点的速度降息，此前两次会议均降息50个基点，这扩大了与美国政策利率的差距，因为人们普遍预计美联储将放弃1月份的降息。

BoC to Slow Rate Cut Speed as U.S. Fed Moves to the Sidelines.The Bank of Canada is expected to cut interest rates at a more gradual 25 basis-point pace on Wednesday following 50 bps cuts in each of the two prior meetings—widening a gap with U.S. policy rates as the Federal Reserve is widely expected to forego a January rate cut.

2024年12月，加拿大新房价格环比下跌0.1%，此前11月上涨0.1%，未达到市场预期的0.2%涨幅。在接受调查的27个人口普查大都市区（CMA）中，有7个的价格下降，而13个CMA的价格保持不变，另外7个则上涨。大萨德伯里（-0.7%）、卡尔加里（-0.4%）和多伦多（-0.4%”）的月度跌幅最大，建筑商将这些跌幅归因于谈判价格下降和激励措施增加。相比之下，圣约翰、弗雷德里克顿和蒙克顿地区的增幅最大（+0.6%）。与一年前相比，12月新房价格小幅上涨0.1%，卡尔加里（+3.9%）和魁北克（+3.8%）的年涨幅最大，而基奇纳-剑桥-滑铁卢（-1.4%）和渥太华（-1.4%。

New home prices in Canada decreased by 0.1% over a month in December 2024, following a 0.1% increase in November and missing market expectations of a 0.2% increase. Prices declined in 7 of the 27 census metropolitan areas (CMAs) surveyed, while remaining unchanged in 13 CMAs and rising in the other 7. The largest monthly declines were observed in Greater Sudbury (-0.7%), Calgary (-0.4%), and Toronto (-0.4%), with builders attributing these decreases to lower negotiated prices and increased incentives. In contrast, the combined region of Saint John, Fredericton, and Moncton recorded the largest increase (+0.6%). Compared to a year ago, new home prices edged up by 0.1% in December, with Calgary (+3.9%) and Québec (+3.8%) posting the largest annual gains, while the most significant annual declines were in Kitchener–Cambridge–Waterloo (-1.4%) and Ottawa (-1.4%), amid an increase in completed but unsold single-family homes.

据初步估计，2024年12月，加拿大制造业销售额较上月增长0.6%，较上月0.8%的增幅有所扩大。石油和煤炭产品以及食品子行业的销售额增长推动了这一快速增长。

Manufacturing sales in Canada rose by 0.6% from the previous month in December of 2024, expanding on the 0.8% rise in the previous month, according to a preliminary estimate. The sharp growth rate was carried by higher sales in petroleum and coal products, as well as food subsectors.

CAD：关税威胁和利差限制了反弹潜力——丰业银行。加拿大丰业银行首席外汇策略师Shaun Osborne指出，在本周末美元普遍下跌的情况下，加元（CAD）正在获得一点支撑，但涨幅仍得到适当衡量。

CAD: Tariff threat and spreads limit rebound potential – Scotiabank.The Canadian Dollar (CAD) is picking up a little support amid the broader decline in the USD into the end of the week but gains remain suitably measured, Scotiabank's Chief FX Strategist Shaun Osborne notes.