Free Trial
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
- Headline CPI moderates as expected from 8.1% to 7.6% Y/Y but average core inflation edged up a tenth to 5.3% Y/Y (consensus 5.0%) from a 0.2pp upward revised June whilst a traditional ex food & energy measure also continued to firm to a new cyclical high of 5.5% Y/Y, driving a sharp sell-off in Canadian FI and pullback in USDCAD.
- That 0.3pt beat for average core CPI was driven by another huge revision to Cpi-common, from 4.6 to 5.3% in June, with further gains then to 5.5% Y/Y in July (cons 4.7%). Common, supposedly a better measure of service inflation, is now the fastest of the three measures with median at 5.0% Y/Y (cons. 4.9%) and trim at 5.4% (in line).
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok