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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
- CORRA futures are close to levels seen prior to retail sales, a report that had decent underlying details behind the mostly as expected January overall figure but with a tepid February advance.
- A surprisingly soft CAD CPI report has firmly set the tone this week (a report BoC Dep Gov Gravelle saw as “very encouraging” but just “one number”) before a smaller helping hand from the FOMC.
- Dec’24 implied yields are 19bps below pre-CPI levels whilst CORH4/Z4 shows 85bp of cuts for 2024 vs 88bps before the BoC decision early this month.
- In the near-term, BoC-dated OIS has ~20bps of a cut priced for the June, similar prospects for the start point of cuts to those in the US.
- Next week sees BoC Senior Dep Gov Rogers speak on “The urgent need to improve Canadian productivity” on Tue before monthly GDP for Jan/Feb advance on Thu.
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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