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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
- Ahead of the upcoming BoC decision for Sept 6, for which market pricing has softened with currently circa +6bp priced, we compare the latest evolution in labor market slack.
- Looking at both the Beveridge curve and a core CPI Phillips curve, the trend higher in the Canadian unemployment rate to 5.5% in July from a recent low of 5.0% (April) and before that 4.9% (Jul’22), does help at least show the first signs of a move towards flatter parts of the respective curves.
- It’s in contrast to the US where there has been very little move off vertical areas of the curves, primarily as the unemployment rate of 3.5% remains within 0.1pps of multi-decade lows as it defies FOMC expectations of a drift higher.
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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