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Policy
Policy
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
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Emerging Markets
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Commodities
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Credit
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Data
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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.
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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: Toronto Oct Home Sales -49% YOY, Prices -1.3%
Home sales in Toronto fell 49% in October from a year earlier and new listings fell to the lowest since 2010 as higher mortgage rates pinched buyers.
Benchmark prices slipped 1.3% from a year ago, the Toronto Real Estate Board said Thursday and the average price held around CAD1.1 million. The Bank of Canada raised its overnight rate 50bps to 3.75% Oct. 26, taking the total this year to 350bps. "The Bank of Canada’s most recent messaging suggests that they are reaching the end of their tightening cycle... fixed mortgage rates may trend lower moving forward, which would help affordability," TREB Chief Market Analyst Jason Mercer said in a report.
Heavily indebted consumers are one reason the BOC may not hike as much as the Fed, a former adviser has told MNI. (See: BOC Nearly Done Hiking On Stall Risk-Ex Adviser)
To read the full story
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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.