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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
- Overall confidence in the Business Outlook Survey fell further in Q1 from +0.1 to -1.1, tracking the lowest quarter in 2019 having previously been close to the 2019 average.
- Inflation expectations showed some improvement but price pressures are clearly still strong.
- The share of firms expecting inflation above 3% for the next two years fell only slightly from Q4’s record 84% to 79% whilst actual expectations for two-years out eased from 4.2 to 3.9% (back to 1Q22 levels off a high of 4.8% in Q2).
- The separate Business Leaders’ Pulse, a monthly version within the survey, showed 2-year expectations with some monthly volatility but also trending lower, from 3.1% in Dec to 2.9% most recently as it dipped into the BoC’s 1-3% target range.
- Wages: consistent with monthly CFIB survey trend, average year-ahead wage increases were seen stabilising at 4.7% Y/Y as the improvement from a peak of 5.8% in Q2 has stalled.
Source: Bank of Canada
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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