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's inflation rate was likely the fastest since 2003 in August on gasoline and housing according to an MNI economist consensus, quickening to 3.9% from July's 3.7% in a report due Wednesday at 830EST.
The result would be a fourth straight month of CPI gains above the Bank of Canada's 1%-3% target range, and raise questions about Governor Tiff Macklem's view it's mostly a temporary spike compared with weakness following last year's Covid downturn. "Inflation is a key reason to expect the BoC to press ahead with another tapering move in October," Jimmy Jean of Desjardins wrote in a research note. The gains go beyond a narrow range of items-- in July the average of the BOC's three core measures was the fastest since 2009 at 2.5%, Statistics Canada reported.
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.