MNI BRIEF: BOC Says Premature To Discuss Rate Cuts

BOC SAYS IT'S PREMATURE TO START TALKING ABOUT RATE CUTS

MNI BRIEF: Text Of Bank Of Canada Interest-Rate Decision

Bond Supply Calendar: BTP Short / 5/15y BTPeis Due Thursday

MNI: US JAN FLASH SERVICES PMI 52.9 (FCST 51.0); DEC 51.4

MNI: US MBA: MARKET COMPOSITE +3.7% SA THRU JAN 19 WK

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

MNI BRIEF: Canada Needs CAD1 Trln To Fix Housing Squeeze- CMHC

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: BOC Says Premature To Discuss Rate Cuts

BOC SAYS IT'S PREMATURE TO START TALKING ABOUT RATE CUTS

MNI BRIEF: Text Of Bank Of Canada Interest-Rate Decision

Bond Supply Calendar: BTP Short / 5/15y BTPeis Due Thursday

MNI: US JAN FLASH SERVICES PMI 52.9 (FCST 51.0); DEC 51.4

MNI: US MBA: MARKET COMPOSITE +3.7% SA THRU JAN 19 WK

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

MNI BRIEF: Canada Needs CAD1 Trln To Fix Housing Squeeze- CMHC

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

Global Data Calendar 

Repeats Story Initially Transmitted at 21:01 GMT Aug 13/17:01 EST Aug 13
Date   GMT /Local                                             Prior  Est.
-------------------------------------------------------------------------------
14-Aug     -     *** Jul    CN M2 ytd y/y (date tba)            8.5   8.4   %
14-Aug     -     *** Jul    CN new loans (date tba)            1.66  1.28 t CNY
14-Aug     -     *** Jul    CN social financing (date tba)     2.26  1.50 t CNY
14-Aug 0200/1000 *** ytd    CN fixed-asset investment y/y       5.8   5.7   %
14-Aug 0200/1000 *** Jul    CN industrial output y/y            6.3   5.7   %
14-Aug 0200/1000 *** Jul    CN retail sales y/y                 9.8   8.5   %
14-Aug 0530/0730 *   Q2     FR unemployment q/q                 8.7   8.6   %
14-Aug 0600/0800 *** Q2     DE GDP (p) q/q                      0.4  -0.1   %
14-Aug 0600/0800 *** Q2     DE GDP (p) y/y wda                  0.7   0.1   %
14-Aug 0645/0845 *** Jul    FR HICP (f) m/m                    -0.2  -0.2   %
14-Aug 0645/0845 *** Jul    FR HICP (f) y/y                     1.3   1.3   %
14-Aug 0730/0930 *** Jul    SE CPIF m/m                        -0.1    --   %
14-Aug 0730/0930 *** Jul    SE CPIF y/y                         1.7    --   %
14-Aug 0730/0930 *** Jul    SE CPI m/m                         -0.1    --   %
14-Aug 0730/0930 *** Jul    SE CPI y/y                          1.8    --   %
14-Aug 0830/0930 *** Jul    UK CPI m/m                          0.0  -0.2   %
14-Aug 0830/0930 *** Jul    UK CPI y/y                          2.0   1.9   %
14-Aug 0830/0930 *** Jul    UK core CPI y/y                     1.8   1.8   %
14-Aug 0830/0930 *** Jul    UK PPI output y/y                   1.6   1.7   %
14-Aug 0830/0930 *** Jul    UK PPI input y/y                   -0.3   0.1   %
14-Aug 0830/0930 *   Jul    UK ONS House Price Index y/y        1.2    --   %
14-Aug 0900/1100 *** Q2     EU GDP (p) q/q                      0.2   0.2   %
14-Aug 0900/1100 *** Q2     EU GDP (p) y/y                      1.1   1.1   %
14-Aug 0900/1100 *   Q2     EU employment q/q                   0.3    --   %
14-Aug 0900/1100 *   Q2     EU employment y/y                   1.3    --   %
14-Aug 0900/1100 **  Jun    EU industrial production m/m        0.9  -1.4   %
14-Aug 0900/1100 **  Jun    EU industrial production y/y wda   -0.5  -1.5   %
14-Aug 1100/0700 **  09-Aug US MBA Mortgage Applications        5.3    --   %
14-Aug 1230/0830 **  Jul    US imports price index             -0.9    --   %
14-Aug 1230/0830 **  Jul    US exports price index             -0.7    --   %
14-Aug 1400/1000 **  Aug    US Atlanta Fed inflation            1.9    --   %
14-Aug 1430/1030 **  09-Aug US crude oil stocks ex. SPR w/w      --    -- m bbl
15-Aug 0830/0930 *** Jul    UK retail Sales m/m                 1.0  -0.2   %
15-Aug 0830/0930 *** Jul    UK retail sales ex-fuel m/m         0.9  -0.2   %
15-Aug 1230/0830 **  10-Aug US jobless claims                   209   214 k 
15-Aug 1230/0830 *** Jul    US retail sales                     0.4   0.3   %
15-Aug 1230/0830 *** Jul    US retail sales ex. motor vehicle   0.4   0.4   %
15-Aug 1230/0830 *** Jul    US retail sales ex. mtr veh, gas    0.7    --   %
15-Aug 1230/0830 **  Q2     US non-farm productivity (p)        3.4   1.6   %
15-Aug 1230/0830 **  Q2     US unit labor costs (p)            -1.6   2.2   %
15-Aug 1230/0830 **  Aug    US Empire Manufacturing Index       4.3   1.3
15-Aug 1230/0830 **  Aug    US Philadelphia Fed Mfg Index      21.8   8.8
15-Aug 1300/0900 *   Jul    CA CREA home resales m/m           -0.2    12   %
15-Aug 1315/0915 *** Jul    US industrial production            0.0   0.2   %
15-Aug 1315/0915 *** Jul    US capacity utilization            77.9  77.9   %
15-Aug 1400/1000 *   Jun    US business inventories             0.3   0.1   %
15-Aug 1400/1000 **  Aug    US NAHB home builder index           65    --
15-Aug 1430/1030 **  09-Aug US natural gas stocks w/w            --    --   Bcf
15-Aug 2000/1600 **  Jun    US net TICS flows                    --    -- b USD
15-Aug 2000/1600 **  Jun    US long term TICS flows              --    -- b USD
15-Aug 2030/1630 **  14-Aug US Fed weekly securities holdings    --    -- t USD
16-Aug 0900/1100 *   Jun    EU trade balance                   20.2    -- b E
16-Aug 1230/0830 *** Jul    US housing starts                 1.253 1.257 m 
16-Aug 1230/0830 *** Jul    US building permits               1.232    -- m 
16-Aug 1230/0830 *   Jun    CA Intl securities transactions    10.2    -- b CAD
16-Aug 1230/0830 **  Aug    US NY Fed Business Leaders Index    9.7    --
16-Aug 1400/1000 *** Aug    US Michigan sentiment index (p)    98.4  96.9
16-Aug 1400/1000 *   Q2     US Advance NSA Service Revenue       --    --   %
16-Aug 1400/1000 *   Jul    US BLS state payrolls                --    -- k 
16-Aug 1500/1100 **  Q3     US St. Louis Fed Real GDP Nowcast    --    --   %
16-Aug 1515/1115 **  Q3     US NY Fed GDP Nowcast               1.6    --   %
19-Aug 2350/0850 **  Jul    JP Trade balance                   +589    -- b JPY
19-Aug 2350/0850 **  Jul    JP Trade balance y/y              -19.0    --   %
19-Aug 2350/0850 **  Jul    JP Exports y/y                     -6.6    --   %
19-Aug 2350/0850 **  Jul    JP Imports y/y                     -5.2    --   %
19-Aug 0800/1000 **  Jun    EU current account                   30    -- b E
19-Aug 0900/1100 *** Jul    EU HICP (f) m/m                      --    --   %
19-Aug 0900/1100 *** Jul    EU HICP (f) y/y                     1.1    --   %
19-Aug 1400/1000 *   Q2     US e-commerce retail sales           --    --   %
20-Aug 0600/0800 **  Jul    DE PPI m/m                         -0.4    --   %
20-Aug 0600/0800 **  Jul    DE PPI y/y                          1.2    --   %
20-Aug 0900/1100 **  Jun    EU construction prod m/m           -0.3    --   %
20-Aug 0900/1100 **  Jun    EU construction prod y/y wda        2.0    --   %
20-Aug 1000/1100 **         UK CBI order books balance           --    --
20-Aug 1000/1100 **         UK CBI price intentions balance      --    --
20-Aug 1230/0830 **  Aug    US Philadelphia Fed Nonmfg Index   21.4    --
20-Aug 1230/0830 *** Jun    CA Mfg sales                        1.6    --   %
20-Aug 1255/0855 **  17-Aug US Redbook retail sales m/m        -2.0    --   %
21-Aug 0830/0930 *** Jul    UK Central Govt Net Cash Requirmt    --    -- b GBP
21-Aug 0830/0930 *** Jul    UK Public Sector Net Borrowing       --    -- b GBP
21-Aug 1100/0700 **  16-Aug US MBA Mortgage Applications         --    --   %
21-Aug 1230/0830 *** Jul    CA Headline CPI m/m                -0.2    --   %
21-Aug 1230/0830 *** Jul    CA Headline CPI y/y                   2    --   %
21-Aug 1400/1000 *** Jul    US existing home sales             5.27    -- m 
21-Aug 1430/1030 **  16-Aug US crude oil stocks ex. SPR w/w      --    -- m bbl
22-Aug 0715/0915 **  Aug    FR Markit Manufacturing PMI (p)    49.7    --
22-Aug 0715/0915 **  Aug    FR Markit Services PMI (p)         52.6    --
22-Aug 0730/0930 **  Aug    DE Markit Manufacturing PMI (p)    43.2    --
22-Aug 0730/0930 **  Aug    DE Markit Services PMI (p)         54.5    --
22-Aug 0730/0930 **  Jul    SE Unemployment rate                7.6    --   %
22-Aug 0730/0930 **  Jul    SE Unemployment rate SA             6.3    --   %
22-Aug 0730/0930 **  Jul    SE Total Employment                  --    -- m 
22-Aug 0800/1000 **  Aug    EU Markit Composite PMI (p)        51.5    --
22-Aug 0800/1000 **  Aug    EU Markit Manufacturing PMI (p)    46.5    --
22-Aug 0800/1000 **  Aug    EU Markit Services PMI (p)         53.2    --
22-Aug 1000/1100 **         UK CBI sales reported balance        --    --
22-Aug 1000/1100 **         UK CBI sales expected balance        --    --
22-Aug 1230/0830 **  17-Aug US jobless claims                    --    -- k 
22-Aug 1230/0830 **  Jun    CA Wholesale sales                 -1.8    --   %
22-Aug 1345/0945 *** Aug    US Markit Mfg Index (flash)        50.4    --
22-Aug 1345/0945 *** Aug    US Markit Services Index (flash)     53    --
22-Aug 1400/1000 **  Jul    US leading indicators              -0.3    --   %
22-Aug 1400/1600 **  Aug    EU consumer confidence (p)         -6.6    --
22-Aug 1430/1030 **  16-Aug US natural gas stocks w/w            --    --   Bcf
22-Aug 1500/1100 **  Aug    US Kansas City Fed Mfg Index         -1    --
22-Aug 2030/1630 **  21-Aug US Fed weekly securities holdings    --    -- t USD
23-Aug 2330/0830 *** Jul    JP Core national CPI y/y           +0.6    --   %
23-Aug 1230/0830 *** Jun    CA Retail sales                    -0.1    --   %
23-Aug 1230/0830 *** Jun    CA Retail sales ex autos           -0.3    --   %
23-Aug 1230/0830 *   Q2     CA Corporate profits               -0.3    --   %
23-Aug 1300/0900 *   Jul    US bldg permits revision             --    -- m 
23-Aug 1300/1500 **  Aug    BE BNB Business Sentiment          -5.0    --
23-Aug 1400/1000 *** Jul    US new home sales                    --    -- m 
23-Aug 1500/1100 **  Q3     US St. Louis Fed Real GDP Nowcast    --    --   %
23-Aug 1515/1115 **  Q3     US NY Fed GDP Nowcast                --    --   %
26-Aug 0700/0900 **  Jul    ES PPI m/m                         -0.8    --   %
26-Aug 0700/0900 **  Jul    ES PPI y/y                         -0.6    --   %
26-Aug 0800/1000 *** Aug    DE IFO Business Climate Index      95.7    --
26-Aug 1230/0830 **  Jul    US durable goods new orders         2.0    --   %
26-Aug 1230/0830 **  Jul    US durable new orders ex            1.2    --   %
                                 transport
26-Aug 1430/1030 **  Aug    US Dallas Fed manufacturing index  -6.3    --
--MNI Washington Bureau; +1 202 371 2121; email: brooke.migdon@marketnews.com
[TOPICS: MTABLE]
To read the full story
Close
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.

    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        window.dataLayer.push({
    'event' : 'logedout',
    'loggedOut' : 'loggedOut'
  });
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        (function appendPosts () {  
    var policyPosts = document.getElementsByClassName('policy-posts-wrapper')[0];
    var policyPostsMenu = document.querySelector('.policy-posts-span');
    policyPostsMenu.append(policyPosts);
    policyPosts.style.display = "block";

    var dataPosts = document.getElementsByClassName('data-posts-wrapper')[0];
    var dataPostsMenu = document.querySelector('.data-posts-span');
    dataPostsMenu.append(dataPosts);
    dataPosts.style.display = "block";
})();
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelectorAll(".my-mni").forEach(function(item){
  item.href="/core/users/email_login/";
  item.innerHTML="Log In";
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelector('.signup-form').addEventListener('submit', () => {
  window.dataLayer = window.dataLayer || [];
  dataLayer.push({
    'event' : 'submission_click',
    'event_category': "Sign Up Button Clicks",
     'event_label': "Posts" 
  });  
  
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){
  item.onsubmit=function(e){
    ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15});
    window.dataLayer = window.dataLayer || [];
    dataLayer.push({
      'event' : 'signup_click',
      'event_category': "Signup",
      'event_action': 'CompletedForm',
       'event_label': 'pageTitle',
      'event_value': 15
    });  
  }
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        (function appendPosts () {  
    var policyPosts = document.getElementsByClassName('policy-posts-wrapper')[0];
    var policyPostsMenu = document.querySelector('.policy-posts-span');
    policyPostsMenu.append(policyPosts);
    policyPosts.style.display = "block";

    var dataPosts = document.getElementsByClassName('data-posts-wrapper')[0];
    var dataPostsMenu = document.querySelector('.data-posts-span');
    dataPostsMenu.append(dataPosts);
    dataPosts.style.display = "block";
})();
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelectorAll(".my-mni").forEach(function(item){
  item.href="/core/users/email_login/";
  item.innerHTML="Log In";
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelectorAll("img").forEach(function (img) {
    img.addEventListener("contextmenu", function (e) {
      return false;
    });
  });
  document
    .querySelector(".site-logo img")
    .addEventListener("contextmenu", function (e) {
      return true;
    });
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        document.querySelector('.signup-form').addEventListener('submit', () => {
  window.dataLayer = window.dataLayer || [];
  dataLayer.push({
    'event' : 'submission_click',
    'event_category': "Sign Up Button Clicks",
     'event_label': "Posts" 
  });  
  
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){
  item.onsubmit=function(e){
    ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15});
    window.dataLayer = window.dataLayer || [];
    dataLayer.push({
      'event' : 'signup_click',
      'event_category': "Signup",
      'event_action': 'CompletedForm',
       'event_label': 'pageTitle',
      'event_value': 15
    });  
  }
})
    

});

window.REBELMOUSE_TASKS_QUEUE.push(function(){

    
        
  let posts = document.querySelectorAll(".all-content-wrapper .widget:not(.stream-story-processed)");
  window.check_story_posts(posts, "streamOfPosts");
    

});

window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){

    
        function populateInputsWithAPAPI(c) {
  document.querySelectorAll('.signup-form input[name="country"]').forEach(el => {
	el.setAttribute("value", c.country_name);
  });
  document.querySelectorAll('.signup-form .country_name').forEach(el => {
	el.setAttribute("value", c.country_name);
  });

  let country_code =
    c && c.country_code ? c.country_code.toLowerCase() : "auto";
  document.querySelectorAll('.signup-form .country_code').forEach(el => {
	el.setAttribute("value", country_code);
  });
  document.querySelectorAll('.signup-form .selected_country').forEach(el => {
	el.setAttribute("value", country_code);
  });
}

const fetch = function (err, res) {
  var r = new XMLHttpRequest();
  r.open("GET", err, !0),
    (r.responseType = "json"),
    (r.onload = function () {
      var err = r.status;
      res(200 === err ? null : err, r.response);
    }),
    r.send();
};

function setupCountry() {
  if (window.preventDuplicateExec) {
    return;
  }
  window.preventDuplicateExec = true;

  window.REBELMOUSE_STDLIB.onElementInViewport({
    threshold: 0,
    firstOnly: true,
    oneTime: true,
    selector: ".signup-form",
    onIntersect: (entry) => {
      // when you need to get access to that data you call it in that way:
      let ipapiData = localStorage.getItem("ipapiData");
      if (!ipapiData) {
        fetch("https://ipapi.co/json/", function (err, ipData) {
          console.log("populating inputs with data from IP API ");
          localStorage.setItem("ipapiData", JSON.stringify(ipData));
          populateInputsWithAPAPI(ipData);
        });
      } else {
        console.log(
          "populating inputs with data from IP API data stored in local storage"
        );
        populateInputsWithAPAPI(JSON.parse(ipapiData));
      }
    },
  });
}

setupCountry();
    

});

window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){

    
        /*
const sidebar = document.querySelector('.left-sidebar-container');
const stickyContent = document.querySelector('.sticky-content');
const siteContent = document.querySelector('.all-posts-stream');
if (sidebar && stickyContent && siteContent) {
  if (siteContent.clientHeight > sidebar.clientHeight) {
    console.log('grater -> ', siteContent.clientHeight + ' > ' + sidebar.clientHeight);
    stickyContent.style.height = (siteContent.clientHeight - sidebar.clientHeight) + 'px';
  }
}
*/
    

});

window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){

    
        function populateInputsWithAPAPI(c) {
  document.querySelectorAll('.signup-form input[name="country"]').forEach(el => {
	el.setAttribute("value", c.country_name);
  });
  document.querySelectorAll('.signup-form .country_name').forEach(el => {
	el.setAttribute("value", c.country_name);
  });

  let country_code =
    c && c.country_code ? c.country_code.toLowerCase() : "auto";
  document.querySelectorAll('.signup-form .country_code').forEach(el => {
	el.setAttribute("value", country_code);
  });
  document.querySelectorAll('.signup-form .selected_country').forEach(el => {
	el.setAttribute("value", country_code);
  });
}

const fetch = function (err, res) {
  var r = new XMLHttpRequest();
  r.open("GET", err, !0),
    (r.responseType = "json"),
    (r.onload = function () {
      var err = r.status;
      res(200 === err ? null : err, r.response);
    }),
    r.send();
};

function setupCountry() {
  if (window.preventDuplicateExec) {
    return;
  }
  window.preventDuplicateExec = true;

  window.REBELMOUSE_STDLIB.onElementInViewport({
    threshold: 0,
    firstOnly: true,
    oneTime: true,
    selector: ".signup-form",
    onIntersect: (entry) => {
      // when you need to get access to that data you call it in that way:
      let ipapiData = localStorage.getItem("ipapiData");
      if (!ipapiData) {
        fetch("https://ipapi.co/json/", function (err, ipData) {
          console.log("populating inputs with data from IP API ");
          localStorage.setItem("ipapiData", JSON.stringify(ipData));
          populateInputsWithAPAPI(ipData);
        });
      } else {
        console.log(
          "populating inputs with data from IP API data stored in local storage"
        );
        populateInputsWithAPAPI(JSON.parse(ipapiData));
      }
    },
  });
}

setupCountry();
    

});