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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
- There’s plenty to digest in the CPI data, with headline missing at 2.8% Y/Y (cons median 3.0, range 2.9-3.1) but the average core measure clearer stronger than expected at 3.8% (cons 3.65%).
- Remember that the three-month annualized figures are what the BoC has been focusing on though. We see no improvement in the trend rate firming from 3.65 to 3.74% annualized for the trim/median average (and BBG reported it at rising a tenth to 3.8%), coming from an acceleration back to 0.3% M/M in both measures.
- However, the more traditional and simple measure of excl food & energy saw a second consecutive 0.14% M/M which meant a three-month rate of just 2.5% annualized for its softest since Apr’21.
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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