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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
- Manufacturing sales increased 1.2% M/M in November (advance 1.2, cons 1.0) after a heavy -2.9% M/M.
- The story relatively healthier in volume terms but follows a similar pattern, rising 1.6% M/M after -2.4% M/M. Further, combined with prior monthly declines, it leave sales down a heavy -6.5% annualized on a 3M/3M basis.
- Wholesale sales ex petroleum etc increased 0.9% M/M (advance 0.8, cons 0.8) after -0.3% M/M.
- The picture is less flattering in volume terms, rising 0.6% M/M after -0.5% M/M but unlike manufacturing sales, ‘core’ wholesale sales have held onto positive growth at 1.5% annualized on the same 3M/3M basis.
- Combined, they offer a subdued quarter for sales activity. Retail sales is due its final November print on Fri to cap off a heavy week of Canadian data, with nominal sales pencilled in as “relatively unchanged” in the advance.
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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