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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
- GDP came in below consensus in February at 0.05% M/M (cons 0.2) but was mostly offset by an upward revised 0.6% in Jan (initial 0.5%).
- The March advance pencils in a contraction of -0.1%. As is customary for monthly GDP the press release doesn’t indicate a response rate but care should still be taken after retail sales saw an extremely low response for its advance amidst disruption from ongoing federal worker strikes.
- Taken as a given, monthly GDP would hit 2.5% annualized in Q1 from the 0.9% registered in Q4, but this is a timely reminder of how the monthly GDP and more official quarterly GDP figures can differ with the quarterly data printing just 0.0% in Q4.
- With these various caveats aside, it’s currently consistent with the BoC’s forecast of quarterly GDP at 2.3% in Q1 which it then sees slowing to 1.0% in Q2.
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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