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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
- Released along with CPI inflation, cost prices showed a marked further deceleration in June.
- Industrial product prices fell -0.6% M/M (cons -0.2) with the miss offset by an upward revised -0.6% M/M in May (initial -1.0%).
- More notable within the data however was the sharper decline in IPPI ex energy/petroleum at -0.9% M/M after 0.0% in May. The data aren’t seasonally adjusted, but aside from the Jun’22 of -1.5%, it compares with +0.1% Jun’21, -0.8% Jun’20, -0.6% Jun’19 and +0.8% Jun’18.
- The raw materials price index was more clearly softer than expected, falling -1.5% (cons -0.4%) after a very heavy -5.0% in May. Crude energy products (-2.8%) and metal ores (-3.4%) both weighed heavily.
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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