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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
- Canadian CPI was far stronger than expected, with headline up 5.1% Y/Y vs consensus for an unchanged 4.8% Y/Y.
- All three core measures were stronger than expected, taking the average up a further three tenths to 3.2% Y/Y.
- Shelter increased to 6.2% Y/Y, the highest since Feb'90.
- The BoC had said it wanted to "to remain close to 5% over the first half of 2022" before fading to about 3% by end 2022 as pressures dissipate but the pace of the increase with begin to call that into question.
- Combined with US retail sales beat, 2Y GoCs spike to north of 1.60%, driving 2s10s to new recent flats of 39bps. USDCAD clears session lows.
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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