MNI BRIEF: Inflation Risks Now Shifted To Downside-BOE Ramsden

MNI: Goolsbee Says Stalled Inflation Means Wait Before Moving

MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Analyst Takes On The Modest Beat For Monthly GDP

CANADA
  • BMO: The economy carried slightly better momentum into the fall than we had expected, in part thanks to a solid grain crop. Still, we continue to expect economic momentum will slow closer to zero as we head into Q4.
  • CIBC: We will be revising our overall 2022 growth forecast a tad higher but it doesn’t alter our view that the economy will stall in the months ahead. With these latest growth figures only slightly below estimates of potential growth, we will need to see this further slowing of the economy to bring inflation back to target. Continue to see the BoC hiking a further 50bp before pausing.
  • RBC: The full impact of higher interest rates is yet to come. Slower growth momentum could see the BoC further tapering its rate-hiking cycle later this year. But that is also still contingent on inflation pressures showing further signs of easing.
  • TD: Today's data release was encouraging but the overarching narrative of a decelerating Canadian economy hasn't changed.
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.