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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
- Existing home sales increased 1.3% M/M in Dec after -3.5% in Nov but are beginning to stabilise with two increases in the past three months following a -37% Y/Y slide.
- Prices fell -1.6% M/M, the tenth consecutive decline for a 13% drop since the Feb’22 peak, bigger than the 9% fall from the 2008-09 peak-to-trough, but still more than 30% above pre-pandemic levels.
- Months of inventory edged further higher to 4.2, similar to “the months leading up to the initial COVID-19 lockdowns, and still nearly a full month below its long-term average.”
- CREA senior econ: “Demand for housing continues to grow and supply remains the biggest issue across the entire spectrum. Whether that plays out in the rental market in 2023 or shifts back over into the ownership space is a matter of how quickly the BoC can get inflation under control and starts turning the dial back down on borrowing costs.”
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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