Free Trial
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 BoC should be most heavily focused on the M/M developments we touched upon in the earlier bullet [see here] but the Y/Y changes are also worth keeping in mind.
- Headline slowed from 4.41% to 3.36% Y/Y, just about as expected vs consensus 3.4% and clearly within the analyst range of 3.2-3.6%.
- The BoC’s preferred core measures meanwhile slowed slightly more than expected to an average of 3.85% Y/Y (cons 3.95%) from a marginally upward revised 4.25% Y/Y and have now retraced from the Jul’22 high of 5.40% Y/Y.
- A cleaner measure of ex food & energy saw a larger moderation on the month, easing from 4.42% to 3.95% Y/Y for still its lowest since Feb’22. (In seasonally adjusted terms the 0.20% M/M in May’23 compared with a particularly strong 0.64% M/M in May’22).
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok