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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
- Housing starts were broadly as expected in November, falling by less than expected to 264.2k (cons 259k) but from a slightly downward revised 264.6k (initial 267k).
- The -0.2% M/M decline does nothing to change the fact that starts continue to hold up at a much stronger relative level than existing home sales compared to pre-pandemic levels [see chart], which at the margin should help alleviate some house price pressures.
- The 2bp rise in GoC front end yields likely reflected reaction to the concurrent hawkish ECB statement, whilst US retail sales and other releases hit in five minutes.
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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