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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
- Weekly consumer confidence firmed in the Bloomberg Nanos survey, further off the Oct 28 low of 42.1 to 43.4, but still historically depressed with the Dec’08 low of 43.3 and having only been notably lower in the Apr-May’20 pandemic lows of 37.2.
- The recent uptick was seen across most survey components (past personal finances, current job security and forward-looking real estate values) although economic sentiment fell back.
- The release itself didn’t have a large impact on markets but continues to add evidence of a weak consumer outlook, after a period where household consumption has been a major driver of GDP growth (added the entire 4.6pps to GDP growth of 4.6% Y/Y in Q2).
- Indeed, the BoC expects GDP growth to stall in Q4/1H23 with equal chances of a small contraction or small positive growth.
Nanos Economic Mood IndexSource: Bloomberg
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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