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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
- Corporate net income before tax (NIBT) increased a seasonally adjusted 4.7% in Q3 to C$160.3bn, following two quarterly declines averaging -6.6%
- It was lifted by a 6.7% rise in financial sector NIBT. Gains here were led by “securities and commodity exchanges and portfolio management and miscellaneous financial investment activity”, whilst banks saw a 6.3% decline in NIBT owing to higher labour costs and provision for credit losses.
- Non-financial sector NIBT still increased 4%, driven by “petroleum and coal product manufacturing” and the “oil and gas extraction industry” owing to higher prices of refined petroleum products and crude oil.
- It saw overall corporate NIBT rise to an estimated 22.5% GDP in Q3. That compares to 25.2% GDP at the end of last year, although is still notably higher than 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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