标准普尔/多伦多证交所综合指数周二上涨0.5%，收于25420点，投资者准备迎接加拿大银行普遍预期的降息和美联储暂停政策，这两项决定都将于明天做出。Shopify领涨9.6%，从周一中国DeepSeek推出低成本人工智能模型引发的科技股抛售中反弹。Shopify预计的22亿美元收入、26%的同比增长和战略进步推动了投资者的乐观情绪。Constellation Software上涨2.7%，进一步提振该指数。与此同时，与黄金挂钩的矿业股因金价持续上涨而上涨。然而，尽管油价上涨，能源生产商的交易持平至负值，因为特朗普贸易和能源政策的不确定性给依赖美国的能源行业带来了压力。

The S&P/TSX Composite Index rose 0.5% to close at 25,420 on Tuesday as investors braced for a widely expected rate cut by the Bank of Canada and a pause in policy by the US Federal Reserve, with both decisions due tomorrow. Shopify led gains with a 9.6% rise, rebounding from Monday’s tech selloff triggered by China’s DeepSeek unveiling a low-cost AI model. Investor optimism was fueled by Shopify's projected $2.2 billion in revenue, 26% year-over-year growth, and strategic advancements. Constellation Software added 2.7%, further bolstering the index. Meanwhile, bullion-linked mining stocks gained from a continued rally in gold prices. However, energy producers traded flat to negative despite higher oil prices, as uncertainty over Trump’s trade and energy policies weighed on the US-reliant energy sector.

加元押注在央行双头之前盘旋。周二，加元（CAD）保持在熟悉的水平，在Loonie交易员为等待本周关键央行的双头会议而努力的情况下，加元停滞不前。加拿大央行（Bank of Canada）普遍预计将在周三再次降息，而美联储（Fed）将在今年上半年的大部分时间里维持利率不变。

Canadian Dollar bets coil ahead of central bank double-header.The Canadian Dollar (CAD) stuck to familiar levels on Tuesday, treading water as Loonie traders buckle down for the wait to this week's double-header of key central bank showings. The Bank of Canada (BoC) is broadly expected to cut interest rates yet again on Wednesday, while the Federal Reserve (Fed) is set to stand pat on interest rates for most of the first half of the year.

周二，标准普尔/多伦多证交所综合指数微涨0.2%，超过25320点，因为投资者对加拿大银行普遍预期的降息做好了准备，同时预计美联储将保持利率稳定，这两项决定都将于明天做出。与此同时，电子商务巨头Shopify领涨，从中国DeepSeek推出低成本人工智能模式引发的昨日科技股抛售中反弹，涨幅超过3%。此外，与黄金挂钩的矿业股支撑了该指数，受益于金价的持续上涨。相反，尽管油价上涨，但能源生产商的交易持平至负值，因为特朗普贸易和能源政策的不确定性给依赖美国的能源行业带来了压力。

The S&P/TSX Composite Index edged up 0.2% to surpass 25,320 on Tuesday as investors positioned for a widely anticipated rate cut by the Bank of Canada, while expecting the US Federal Reserve to hold rates steady, with both decisions due tomorrow. Meanwhile, e-commerce mega cap Shopify led the gains, climbing over 3% as it rebounded from yesterday’s tech selloff sparked by China's DeepSeek unveiling a low-cost AI model. Additionally, bullion-linked mining stocks lent support to the index, benefiting from the continued rally in gold prices. Conversely, energy producers traded flat to negative despite higher oil prices, as uncertainty over Trump’s trade and energy policies weighed on the US-dependent energy sector.

周一，标准普尔/多伦多证交所综合指数下跌0.7%，收于25289点，结束了连续九个交易日的上涨，因为大宗商品为主的指数受到油价和金价下跌以及科技股普遍下跌的拖累。能源生产商领跌，加拿大天然气公司在油价持续疲软的情况下下跌0.9%，而主要能源基础设施巨头TC Energy下跌3.8%。矿业股也表现不佳，由于金价下跌，Wheaton Precious Metals下跌1.1%。科技行业也对该指数施加了压力，因为有人声称中国的DeepSeek模式比美国同行更高效，人们对美国的人工智能主导地位越来越担忧。在苹果、微软、Meta和特斯拉公布关键季度业绩之前，投资者也持谨慎态度，因为他们正在等待对人工智能驱动市场未来的进一步了解。

The S&P/TSX Composite Index dropped 0.7% to close at 25,289 on Monday, ending a nine-session winning streak as the commodity-heavy index was weighed down by falling oil and gold prices, alongside a broad decline in tech stocks. Energy producers led the downturn, with Canadian Natural slipping 0.9% amid continued weakness in oil prices, while TC Energy, a major energy infrastructure giant, fell 3.8%. Mining stocks also underperformed, with Wheaton Precious Metals declining 1.1% due to lower bullion prices. The tech sector also exerted pressure on the index, as concerns grew over the U.S.'s AI dominance following claims that China's DeepSeek model is more efficient than its U.S. counterparts. Investors were also cautious ahead of key quarterly results from Apple, Microsoft, Meta, and Tesla, as they awaited further insights into the future of the AI-driven market.