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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
- If debt service costs increasing towards multi-cycle highs in Q1 are a headwind for consumption then the household saving ratio for Q1 from the same broad release of data today provided the opposite driver.
- The savings rate fell heavily from 5.8% to 2.9% of disposable income in Q1 and would have helped support the strong consumption growth seen in the quarter.
- Despite moving to new post-pandemic lows, this measure of the savings ratio compares to particularly low levels seen prior to the pandemic, with a 2017-19 average of 1.5% GDP.
- As such, in contrast to the US where households have been running down “excess savings” accumulated in the pandemic (calculated as differences compared to prior trends), this has yet to happen in the case of Canada.
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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