加拿大大幅降息。在欧元区，焦点转向10月份的PMI。我们预计，由于PMI指数的构建方式，制造业将继续处于收缩状态，同时仍将从45.0微升至45.4。

Big Rate Cut in Canada.In the euro area, focus turns to the October flash PMIs. We expect the manufacturing sector to remain in contractionary territory, while still edging up to 45.4 from 45.0, due to the way in which the PMI index is constructed.

中国银行降息50个基点，旨在坚持通胀控制。由于通货膨胀达到了央行的目标，中国银行在10月份将利率下调了50个基点。龙尼对这个消息的反应到底是什么？

BOC Cuts Rates by 50bps, Now Aims to Stick the Landing on Inflation Control.BOC cut its interest rates by 50bps in October as inflation hit the central bank's targets. How exactly did the Loonie react to the news?

标准普尔/多伦多证交所综合指数周三收于24574点，跌幅0.6%，受科技和大宗商品生产商拖累，投资者对加拿大银行降息做出反应。继三次小幅降息后，中国银行在本周期首次大幅降息50个基点。电子商务和软件开发商巨头Shopify和Constellation software领跌，分别下跌2.3%和1.5%，与美国同行持平。与此同时，与石油挂钩的股票继续下跌，森科尔、帝国石油、加拿大天然气和Cenovus在能源价格下跌的情况下下跌了0.9%至1.7%。矿业公司巴里克黄金、惠顿贵金属和泰克资源也表现不佳，在金属价格普遍下跌的情况下下跌1.4%至1.7%，铀生产商Cameco暴跌4.5%。从积极的一面来看，加拿大国家铁路公司在公布强于预期的季度收益后小幅上涨。

The S&P/TSX Composite Index 0.6% to close at 24,574 on Wednesday, weighed down by tech and commodity producers, as investors reacted to the Bank of Canada's interest rate cut. The BoC implemented its first significant 50bps reduction in this cycle after three smaller cuts. E-commerce and software developer heavyweights Shopify and Constellation Software led the decline with losses of 2.3% and 1.5%, respectively tracking US peers. Meanwhile, oil-linked stocks extended their losses, with Suncor, Imperial Oil, Canadian Natural, and Cenovus declining between 0.9% and 1.7% amid falling energy prices. Miners Barrick Gold, Wheaton Precious, and Teck Resources also underperformed, losing between 1.4% and 1.7% amid a broad metal prices decline, with uranium producer Cameco plunging 4.5%. On the positive side, Canadian National Railway posted small gains after reporting stronger-than-expected quarterly earnings.

中国银行将迅速恢复更中立的政策立场——NBC。这一决定可能存在一些总体不确定性，但市场和经济学家显然倾向于这一结果。我们认为这是正确的举措，因为很难证明继续采用渐进式方法是合理的（即。

BoC to quickly return to a more neutral policy stance – NBC.There may have been some headline uncertainty going into this decision, but markets and economists were clearly leaning towards this outcome. It's the right move in our view as it would have been difficult to justify continuing with the gradual approach (i.e.