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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
- Industrial product price inflation unsurprisingly moderated in April from a downward revised but still extremely strong March.
- Headline IPPI rose +0.8% M/M after +3.4% (the original +4% had been the strongest since the series started in Jan-1956) whilst IPPI ex food & energy paused with +0.1% M/M after three months averaging 1.8% M/M.
- It shouldn’t change the outlook after M/M core CPI remained extremely strong in April and with retailers still having to absorb some surging cost pressures, but it gives brief respite.
- Market reaction to the data in rates is muddied by growing risk-off moves and weaker US data, with GoCs following suit, whilst USDCAD has eased a touch lower, now sitting -0.6% M/M at 1.2809.
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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