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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
- BoC’s Gravelle broadly consistent with past Macklem commentary on mon pol with regards to:
- *GRAVELLE: BOC WILL BE 'AS FORCEFUL AS NEEDED' IN RAISING RATES – bbg
- *GRAVELLE: BOC MAY PAUSE HIKES AT NEUTRAL IF PRICE GAINS REVERSE - bbg
- *SUPPLY CHAIN WOES MAY PROMPT BOC TO HIKE PAST NEUTRAL: GRAVELLE - bbg
- And on the lower oil beta for CAD: “We expect the recent increase in commodity prices to boost the level of business investment in Canada by less than half of what our models generally predict based on historical relationships.” along with USD strength preventing CAD from rising as much.
- BAX curve sees the earlier increase in the front end pause whilst little changed further out, still led by the red pack up 10 ticks. The terminal rate sits between previous highs and after the last BoC decision, crudely implied an overnight rate of circa 3%, the top end of the BoC’s 2-3% neutral range.
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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