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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
- Final budget deficit for FY 2021-22 smaller than initially projected at C$90.2B (3.5% GDP) vs prior projection C$113.8B in the April budget. Revenue exceeded budget projections at C$413.3B vs C$394.4B.
- It follows a deficit of C$327.B the year before during the height of the pandemic.
- Looking ahead, an earlier Reuters sources story said the Fall Economic Statement could include additional ‘targeted’ spending but wouldn’t make the BoC’s job harder - “It behooves the federal government to continue to demonstrate some responsible fiscal stewardship right now".
- GoCs broadly track Treasuries today after yesterday’s post-BoC substantial rally, with modest underperformance at the front end and outperformance at the longer end (2YY -5bp, 10YY -7.5bp).
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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