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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
- Input cost measures delivered a mixed report after yesterday’s very much in line CPI print.
- Of more note, industrial product prices surprisingly nudged up 0.1% M/M (cons -0.3%) and 0.4% M/M ex-energy, although the raw materials index fell -1.7% M/M (cons -0.8%).
- Despite a surprise increase for the IPPI ex-energy, the order of magnitude of the 0.4% increase is within the recent monthly range and whilst it offers potentially slightly stronger than expected goods inflation, the BoC has more clearly put focus on service pressures.
- The above means that GoC reaction is minimal, with yields still circa 3bps higher on the day through 2-10Y tenors as GoCs outperform Treasuries on the day.
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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