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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
- Wage growth remains a key issue for the BoC, which whilst as expected in January was still particularly strong.
- All employee wage growth of 5.3% Y/Y marked a second consecutive month above the 4-5% range the Bank has previously noted, whilst permanent employees also registered 5.3% Y/Y for a seventh consecutive month at 5% or above.
- This wage growth comes against a backdrop of a dire productivity trend, although we only find out the Q4 data a little over an hour before the rate announcement on Wednesday.
- There has however been some conflicting, but no doubt welcome, signs of wage growth moderation in the lagged payroll employment series, with its fixed weight index slowing to just 2.4% Y/Y in December.
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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