Trade Anytime, Anywhere
Important Information
This website is managed by Ultima Markets’ international entities, and it’s important to emphasise that they are not subject to regulation by the FCA in the UK. Therefore, you must understand that you will not have the FCA’s protection when investing through this website – for example:
Note: Ultima Markets is currently developing a dedicated website for UK clients and expects to onboard UK clients under FCA regulations in 2026.
If you would like to proceed and visit this website, you acknowledge and confirm the following:
Ultima Markets wants to make it clear that we are duly licensed and authorised to offer the services and financial derivative products listed on our website. Individuals accessing this website and registering a trading account do so entirely of their own volition and without prior solicitation.
By confirming your decision to proceed with entering the website, you hereby affirm that this decision was solely initiated by you, and no solicitation has been made by any Ultima Markets entity.
I confirm my intention to proceed and enter this website Please direct me to the website operated by Ultima Markets , regulated by the FCA in the United Kingdom加拿大2025年3月年通胀率意外降至2.3%,低于2月的2.6%(为八个月高点),也低于市场预期的2.5%。核心通胀亦放缓至2.2%,显示出更广泛的价格压力降温。

(加拿大CPI与核心CPI年率;来源:Trading Economics)
通胀的回落符合加拿大央行(BoC)对正常化的预期,此前由于年初商品与服务税(GST)调整,通胀曾出现短期飙升。
较温和的通胀数据引发市场对加拿大央行(BoC)再次降息的猜测,但大多数市场参与者仍预计央行将在今日的政策会议上维持利率不变。
在过去10个月中,加拿大央行已将基准利率累计下调225个基点,目前政策利率为2.75%,正好处于其估算的中性利率区间中值。
在前一次会议中,加拿大央行在未来货币政策方向上表现出谨慎态度,并指出“货币政策无法抵消贸易战带来的影响”。然而,由于当前贸易冲突对经济影响的不确定性居高不下,央行未提供明确的前瞻性指引。
这种谨慎立场意味着加拿大央行可能采取“观望”策略,市场普遍预期此次将暂停降息。但最新的通胀数据表明,2025年后续仍有进一步降息的可能。
今日的加拿大央行利率决议将与季度《货币政策报告》同步发布,行长蒂夫·麦克勒姆(Tiff Macklem)也将召开新闻发布会。尽管市场预计此次按兵不动,但加拿大央行可能会释放鸽派信号,尤其是在美国总统特朗普推动的贸易政策不确定性持续升温的背景下。
由于市场对进一步降息的预期不减,CPI数据公布后加元兑主要货币普遍走软。尽管美元走弱,但加元在周二CPI报告发布后仍出现下跌。

(USDCAD日线图分析;来源:Ultima Markets MT5)
从技术面看,尽管USDCAD短期反弹,但若美元持续走弱,加元仍有望进一步走强。若USDCAD持续受限于1.3960阻力位之下,未来有可能回落,尤其是在加拿大央行会议后加元情绪转强的情况下。

(CADJPY四小时图分析;来源:Ultima Markets MT5)
与此同时,若加拿大央行在当前不确定性下释放更多鸽派信号,加元兑日元可能进一步走弱。而作为避险货币,日元近期可能继续走强,从而推动加元兑日元得疲软走势。
免责声明
本文所含评论、新闻、研究、分析、价格及其他资料仅供参考,旨在帮助读者了解市场形势,并不构成投资建议。Ultima Markets已采取合理措施确保资料的准确性,但不能保证资料的绝对准确性,并可能随时更改,恕不另行通知。Ultima Markets对于因直接或间接使用或依赖此类资料而可能导致的任何损失或亏损(包括但不限于利润损失)不承担责任。
随时随地观察市场动态
市场易受供求关系变化的影响
对关注价格波动的投资者极具吸引力
流动性兼顾深度与多元化,无隐藏费用
无对赌模式,不重新报价
通过 Equinix NY4 服务器实现指令快速执行