NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

RATES MAY NEED TO BE ON HOLD LONGER THAN ENVISIONED: NORGES

MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

MNI: BAKER HUGHES US RIG COUNT 605; OIL RIGS 499; GAS RIGS 102

BoE Data Watch

RBA Data Watch

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

Analysts On Today's GDP Report [1/2]

CANADA
  • BMO: The ‘cleanliness’ of recent GDP data has been compromised but “the bigger picture is that Canada is really struggling to grow right now”. Real GDP is little changed over the past six months despite the population is exploding at a 3% per-year run rate. “The BoC still has their eyes on stubborn core inflation and firm wage growth, but struggling growth argues for them to remain on hold and lean on the tightening that has already been put in place.”
  • CIBC: “Weak GDP readings may not necessarily translate into lower inflationary pressures in the near-term” as recent swings in monthly GDP are mainly driven by supply side disruptions. However, clearly weakening retail sales means “there should be enough evidence that domestic demand is responding to higher interest rates to prevent a further interest rate hike from the BoC this year”.
  • Desjardins: “While inflationary pressures remain sticky above the BoC’s target range, the slowing in the economy should give central bankers confidence that they’re medicine is slowly working.” With price pressures expected to dissipate further, Desjardins “continue to expect that the BoC will remain on the sidelines for the rest of this year.”
Homepagemarkets-real-timeBulletMarketsFixed 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.