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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
- Headline CPI eased a tenth more than expected in Dec to 6.3% Y/Y (-0.5pps), further off a peak of 8.1% in June.
- More notably though, the BoC’s preferred core measures were stronger than expected after being revised to a joint cycle high for November of 5.25% (after July was also revised up marginally). In turn they only dipped to 5.15% Y/Y in Dec, made up of CPI-trim 5.3% vs 5.2% cons, CPI-median 5.0% vs 4.9 cons.
- These measures have been less prone to the large revisions in the alternate CPI-common (6.6% Y/Y) but have still drifted higher with data vintages.
- No revisions in the more traditional measure of ex food & energy, which eased modestly back to 5.34% Y/Y after 5.41% Y/Y but only slightly below the July high of 5.53% Y/Y.
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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