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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
- Released earlier today, the merchandise trade balance registered a larger than expected surplus in March of C$0.9B (cons C$ 0.2B). It did however follow a downward revised deficit of -C$0.5B (initial +C$0.4B) on lower than first thought energy revenues.
- It leaves a three-month trade surplus hovering at 0.4% GDP, having been close to 0.5% since Sept.
- The service deficit meanwhile continued to widen to -1.4% GDP, back where it was last fall as it looks to continue a return towards more ‘normal’ levels having been running a deficit between 1.5-2% GDP in years leading up to the pandemic.
- The combination saw the goods & services deficit widen to -1% GDP from -0.5% GDP at the turn of the year, but whilst this has deteriorated notably from the 1% GDP surplus seen last year, it’s still on the small side as the goods balance is still running a rare surplus by historical standards.
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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