FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

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MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

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MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Emissions reduction plan to be unveiled tomorrow

CANADA
  • CTV reported earlier that Guilbeault will unveil details of the federal govt’s plan tomorrow, mapping out specific actions to meet its targets.
  • Passed in June, the Net-Zero Accountability Act commits Canada to net-zero GHG emissions by 2050 and to reduce emissions by 40-45% below 2005 levels by 2030.
  • Canada last week issued its first green bond, with C$5B of a 2.25% 7.5Y bond with a bid-to-cover north of 2.2 despite having cut the spread over the Jun 29s from 2.5bps to 0.5bps beforehand.
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