-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessUS Treasury Auction Calendar
US$ Credit Supply Pipeline
MNI BRIEF: Canada Sept Inflation 4.4%, Fastest Since 2003
Canadian consumer prices climbed 4.4% in September from a year ago, the fastest since 2003 and the sixth month beyond the top of the central bank's 1%-3% tolerance band, with gains in every major category led by housing and base effects around last year's plunge in gasoline prices.
The gain was stronger than the 4.3% market consensus and followed August's 4.1% pace. Statistics Canada's report Wednesday also showed prices grew 0.2% on a one-month basis, versus the expected 0.1% increase. The Bank of Canada's three core price measures averaged 2.7% from a year earlier, the highest since 2008.
The CPI is the second report this week showing big price gains following a BOC survey Monday where nearly half of firms saw inflation of more than 3% over the next two years. Governor Tiff Macklem last week told reporters inflation is still linked to a narrow suite of products and should subside after hiccups linked to the economy reopening.
The BOC has a rate decision Oct. 27 and economists see a taper of bond purchases to a pace that stabilizes its balance sheet, with no change in the 0.25% lending rate. Macklem has said the low rate will remain in place until the second half of 2022 and inflation is consistently on target and potential output restored. The economy still faces downward price risks from GDP shrinking in the second quarter, elevated unemployment, and high Covid counts in western Canada.
Inflation averaged 4.1% in the third quarter, faster than the the BOC's July projection for 3.9%, and the Bank sees price gains moderating to 3.5% in the fourth quarter.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.