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 DATA
- The Canadian goods balance was notably healthier than expected in June, printing a surplus of C$0.64bn (consensus for a deficit of C$2.0bn) after a downward revised deficit C$1.6bn in May.
- The three-month average was still in deficit but it narrows from 0.5% GDP to just 0.2% GDP, with the monthly improvement driven by the energy balance.
- Most recently, goods exports increased 5.5% M/M in June with energy products up 11.7% M/M after the recent completion of the TMX expansion.
- Separately, the services deficit at 0.4% GDP continues to trend a little either side of 0.5% GDP.
- The three-month goods & services deficit of ~0.6% GDP compares with historical averages closer to 1.7% GDP, with the relatively stronger external position driven by the goods balance.
- As with the US, latest monthly volumes data are pointing to healthier signs of broader domestic demand even if the Canadian data are more volatile. Non-energy import volumes increased 12% Y/Y in June and or 5% Y/Y looking through a three-month average.
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