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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
- Teranet house prices continued to chip lower in February by -0.4% M/M having averaged -0.7% M/M in the prior four months vs heavier declines of an average -1.6% M/M in Q3.
- The series, with its repeat-sales method, continues to see smaller declines than from existing home sales data which saw a larger increase in the pandemic.
- BoC current focus will clearly be on banking resilience spilling over from US regional banks, although the next meeting is not until Apr 12.
- However, in terms of the still significant risk that is the sharp decline in housing activity amongst high household indebtedness, the Bank will likely be pleased with the pace of house price declines. It continues to take some of the prior froth out of the market in what appears an orderly manner whilst prices are still 25% above pre-pandemic levels.
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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