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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 surprisingly jumped 41% M/M in June to 281k (cons 220k) after a marginally downward revised 200k in May (initial 202.5k).
- Market impact is limited a) coming just ahead of CPI and b) with it coming entirely from multiple starts (+55% M/M) whilst single-detached starts nudged up just 1% M/M.
- GoCs initially saw very little move have now sold off by 1-1.5bps and USDCAD dips lower but ultimately continues to hold around 1.32.
- It is however the sort of report that can add to the day's moves, especially if followed by a stronger CPI print after the BoC noted the pick-up in housing activity.
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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