MNI: PBOC Net Injects CNY8 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1196 Fri; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY10 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1196 FRI VS 7.1192

MNI China Daily Summary: Thursday, June 20

MNI: PBOC Net Injects CNY18 Bln Via OMO Thu; Rates Unchanged

Japan May Core CPI +2.5% Y/Y; Energy Price Surges

MNI BRIEF: Japan May Core CPI Rises 2.5% Vs. April +2.2%

MNI JAPAN MAY CORE CPI +2.5% Y/Y; APRIL +2.2%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Canadian Oil Producers Urge Regulator to Back TMX Request

OIL

Canadian oil producers Canadian Natural Resources and MEG Energy are urging the nation’s energy regulator to approve Trans Mountain Pipeline’s variance request, according to Reuters.

  • TMX’s variance request was rejected Dec. 5 due to pipeline integrity and environmental concerns, but it asked the regulator to reverse its decision, warning of a potentially catastrophic delay.
  • "If the application is not approved, Canadian Natural and other shippers and in fact the entire energy industry and the governments of Canada and Alberta stand to incur significant losses caused by a delay of up to two years," Canadian Natural President Tim McKay wrote on Dec. 22 to the Canada Energy Regulator (CER), cited by Reuters.
  • When completed, the TMX will have a tripled capacity to 890k b/d. Operations, excluding any further delay, are expected by the end of Q1.
Energy BulletsCanada Bank of Canada Market NewsCommodities
Energy BulletsCanada Bank of Canada Market NewsCommodities

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