Market Information Wednesday 22 October 2025

Canada’s yearly inflation rate climbed to 2.4% in September, driven by a smaller decrease in gasoline costs and higher food prices, according to data released Tuesday. The figures come just weeks before the Bank of Canada’s next policy meeting, markets widely anticipate another interest rate cut.

Gold prices plunged 6.3% yesterday, marking the steepest drop in over twelve years, while silver fell 8.7%. After previous strong gains, the precious metals market is undergoing a correction. The sharp movements were driven by uncertainty over missing U.S. commodities reports, changes in central bank reserves, and concerns about U.S. budget and trade policies.

China’s economy expanded at its slowest pace in a year during the third quarter, growing 4.8% as weak domestic demand left exports as the main growth driver. In the second quarter, GDP growth had been 5.2%. While the figure meets forecasts and keeps the country on track for its annual target, reliance on foreign markets amid rising trade tensions with the U.S. raises concerns about the sustainability of this momentum.

The 6M Euribor decreased with 1 basis point to 2.10% compared to previous business day. The 10Y Swap decreased with 2 basis points to 2.56% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.