Free Trial

Market Unfazed By Upcoming Targeted Budget Relief

CANADA
  • Canada Finance Minister Freeland says the government will deliver additional, targeted inflation relief in next week’s budget.
  • However, the targeted nature with a focus on aid for the poor (and noting that broader relief would only boost inflation) keeps market reaction limited amidst the broader financial and macro uncertainty stemming from US bank concerns.
  • GoCs see a modest rally since the headlines but the latest move tracks Treasuries. More broadly today, GoCs outperform Treasuries across the curve with a bear flattening as 2Y GoC yields currently sit +9.5bps on the day vs +12bps for Tsys.

To read the full story

Close

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.