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 DATA
- One month on from the BoC formally pausing rates and the housing market saw a new lease of life in April just in time for the spring market.
- Existing home sales jumped 11.3% M/M in April, the fastest since Jul’20 emerging from lockdown months.
- The 1.6% increase in new supply wasn’t near enough to keep up with it as prices increased 1.6% M/M for the second monthly increase, following an eleven month 16% cumulative decline.
- Housing starts meanwhile surprisingly surged 22% M/M jump to 261.6k (cons 220k) from 214k after -11.5% M/M, large even by recent volatile standards.
- The combination adds to evidence that the largest direct drag from residential investment on real GDP growth is likely behind us after -1pps through 2H22.
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