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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
- Housing starts were stronger than expected in Sept, rising from an upward revised 270.4k to 299.6k (cons 265k).
- RBC were above consensus with 284k on near-term strength in permit issuance, and indeed it was led by multi-units (+16% M/M) whilst single-detached units were flat.
- Starts see the highest level since Nov’21 and are up 19% Y/Y vs existing home sales -32% Y/Y. That helps address some of the mismatch in supply and demand but remains to be seen how long it can last for with prices also rolling over further.
- Little relative impact in FI, with GoCs still modestly outperforming Tsys at the long end whilst USDCAD falls with USD weakness, still well within the day’s range but back near yesterday’s low at circa 1.37.
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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