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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
- Retail sales were stronger than expected in January, rising 1.4% M/M (cons 0.7) and with ex-autos 0.9% (cons 0.6), although it was clouded by the February advance falling -0.6%.
- In volume terms, the 3M/3M trend of 2% annualized for Jan was similar to the 2% for broader household consumption growth within GDP back in Q4.
- Some potential weakness in Feb wouldn’t be unexpected with the BoC previously forecasting minimal growth in Q1 far before any impact from recent US regional bank issues.
- Those banking spillover concerns continue to dominate markets, with data having little impact. 2YY are off lows but still down -18bps on the day (Tsys -19bps).
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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