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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
- The number of those receiving regular Employment Insurance benefits was little changed in January, rising only a seasonally adjusted 0.3% M/M, but the Y/Y still increased from 15.4% to 18.0% Y/Y.
- Whilst not a forward-looking indicator for unemployment, the positive Y/Y rate continues to act as confirmation of the upward trend seen in the u/e rate – see chart.
- The benefits data still compare favorably against pre-pandemic levels though. The seasonally adjusted 468.3k of EI benefit claimants is 2.4% higher than late 2019, during which time the working age population has increased by 2.2mn or more than 7%.
- Of the largest provinces, Ontario leads with regular benefits recipients rising 30% Y/Y, followed by Alberta (28% Y/Y), British Columbia (25% Y/Y) and Quebec (16% Y/Y).
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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