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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
- We earlier went into the details behind today’s BoC Senior Loan Officer Survey for Q3 (see here) and how there was another deviation between tighter business vs modestly easier household lending conditions.
- Lending conditions to Canadian businesses tightened by the most since the pandemic but it’s again notable just how much less the degree of tightening for Canadian businesses has been relative to their US counterparts.
- Canadian and US business lending conditions used to tighten and ease by broadly the same extent over business cycles, but this has relationship faded during and since the pandemic.
- Without the limited degree of tightening relative to the US, there could have been an even wider gulf between GDP growth in Q3, with Canada GDP seemingly on track for a second small contraction vs the booming 4.9% in the US (at least under current data vintages).
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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