TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Analyst Takes On Monthly GDP Report

CANADA
  • BMO: The overriding message is that the economy is just managing to keep its head above water, which squarely fits with the BoC's view.
  • CIBC: While the Canadian economy hasn't cooled as quickly as we (and others) previously expected given the rapid rise in interest rates, there are growing signs of fragility. The recovery in many services has slowed even with activity still well below pre-pandemic levels
  • RBC: There were early signs of cracks in the consumer spending backdrop with retail and accommodation & food service sales declining in Nov. We continue to expect household spending to slow going forward as debt servicing costs rise.
  • Scotia: Canada’s economy remains in a deep state of excess demand that may be very tentatively shifting toward opening up some slack. Treat this possibility with a high degree of care as consensus has felt this way over prior quarters and thus far Canada’s economy has consistently outperformed such expectations.
HomepageBulletMarketsFixed Income BulletsForeign Exchange BulletsCanada Bank of Canada Market News

To read the full story

Close

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.