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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
- Headline CPI inflation sees a two tenth beat, only slowing from 7.0% to 6.9% Y/Y (cons 6.7%), but BoC core measures are broadly as expected and unchanged at an average 5.0% Y/Y for median (-0.1pt miss) and trim (+0.1pt beat).
- CPI-common again surprised to the upside with an unchanged but significantly upward revised 6.0% Y/Y but Macklem was keen to point out the difficulty in using this measure in real-time.
- Traditional core (ex food & energy) ticking up a tenth to 5.4% Y/Y might give more concern, but remains below July’s high of 5.5% Y/Y and with the BoC’s preferred core measures broadly as expected, the report feels unlikely at first glance to give a clear steer for the BoC in either direction to a 50bp or 75bp hike next week.
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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