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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA DATA
- The Ivey PMI jumped from 49.3 to 60.1 in January, pushing its highest level since May and offering hopes of a soft landing as prices softened (from 67.5 to 63.6, lowest since Sep’2020).
- Ahead of Friday’s employment report, the employment index increased 1pt to 60.5, back where it was in November and otherwise last seen in June.
- Whilst a typically volatile report, note that Ivey have corrected for a seasonal adjustment error: “Of note, there was error in the seasonal adjustment calculations for the period of November 2020 to December 2022, where the multiplicative inverse of the seasonal adjustment factors was used. The historical data was revised on February 6, 2023, and a process has been implemented to validate seasonal adjustment calculations for the Ivey PMI.“
Source: Ivey Business School
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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