CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Politics Week: BOC Meeting May Return Focus To Cost of Living Pains

CANADA
(MNI) OTTAWA
  • Bank of Canada is expected to hold its key lending rate at the highest since 2001 at 5% on Wed with inflation still near 4%. Governor Macklem's press conference may deliver politically uncomfortable message the economy may be tipping towards recession and he's not yet prepared to discuss any rate cuts.
  • Foreign policy still major concern, with PM Trudeau on Friday saying India's push to remove 40 diplomats violates international law. Earlier Trudeau said India's government may have been involved in the murder of a Canadian Sikh activist earlier this in in British Columbia.
  • Canada's response to Israel-Gaza conflict also looms large; different Liberal MPs have shown tensions within the party around the issue. Trudeau says Israel has the right to defend itself but international humanitarian rules must guide its response.
  • Finance Minister Freeland says fall fiscal update is coming and she met with private sector economists on Friday.
  • New Democrats propping minority Liberal govt have increased criticism of Trudeau's housing plan but given no indication of a non-confidence vote.
  • Polling aggregator 338Canada shows Conservatives likely to win a majority government if an election were held now. Election is due in 2025 under a traditional four-year mandate.
  • Sample headlines: The Liberals win points on housing policy, but it might not change the politics (Globe and Mail); Majority — including two-in-five past Liberal voters — say Trudeau should step down (National NewsWatch)
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.