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
- Real GDP was notably stronger than expected in Q3, rising 2.9% annualized vs the 1.5% expected by both the BoC and analysts, for almost no slowdown from the 3.2% in Q2.
- However, details were weaker than expected, with final domestic demand falling -0.6% annualized from weakness in both consumption and investment, and imports also falling off albeit after a stellar rise in Q2.
- The BoC expects growth to stall in the Q4-1H23 with broadly equal odds or a small contraction or small increase, but a decline in domestic demand already in Q3 is likely softer than it will have been expecting.
- USDCAD has extended session highs by increasing 50 pips to 1.3555 although the reaction has been more muted in GoCs.
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