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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
- The Federal budget surplus narrowed to C$2.1B in June compared to C$4.9B in Jun’22, with no change in trend when looking on a net actuarial loss basis (C$2.9B after C$5.7B).
- Program spending excl net actuarial losses rose C$2.9B (10% Y/Y), driven led by increased seniors' payouts (+C$0.9B or 17% Y/Y) while revenue gained C$1.4B (3.9% Y/Y).
- Public debt charges increased C$1.3B, or a very strong 55% Y/Y, owing to higher interest rates.
- Fixed income markets are still very much focused on the net sell-off since Fed Chair Powell’s remarks at Jackson Hole, with GoCs outperforming at the front end (2YY +3.5bps vs +5.3bp for Tsys) but otherwise increasingly underperforming further out the curve.
Source: Department of Finance 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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