CANADA JULY CPI +2.5% YOY, SLOWEST SINCE MARCH 2021

MNI China Daily Summary: Tuesday, Aug 20

China Repo Rates Rise On Tuesday

MNI: PBOC Net Drains CNY236.6 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Lower At 7.1325 Tues; +2.12% Y/Y

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

MNI: US REDBOOK: AUG STORE SALES +4.8% V YR AGO MO

MNI: US AUG PHILADELPHIA FED NONMFG INDEX -25.1

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: Holiday Break Begins But Trudeau Has Work To Do

CANADA
(MNI) OTTAWA
  • Parliament rises for holiday break until Jan. 29, though committees may still hold ad hoc hearings and PM Trudeau/FM Freeland will likely keep up media appearances.
  • 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 but the Liberals rely on NDP to pass confidence motions and avoid an earlier campaign.
  • Uncertainty for 2024 around how Liberals will meet NDP demands for expanded public healthcare as govt cuts departmental spending and interest costs are surging.
  • Trudeau shoring up support within his party amid polls suggesting Canadians are tiring of him, arguing he's well equipped to beat Conservatives and gain a nearly unprecedented fourth election win.
  • Govt challenged over cost of living and housing squeeze. While inflation is slowing to 3% and investors see BOC cuts maybe mid-2024, housing shortage will take perhaps a decade to solve.
  • House of Commons Speaker Greg Fergus, recently named to job from governing Liberals, apologizes for partisan speech after committee recommends that and a fine. Conservatives and Bloc on committee said he should be removed. Previous speaker from Liberals recently resigned in disgrace.
  • Canada votes for UN motion calling for ceasefire in Gaza, a shift from earlier comments supporting Israel’s right to defend itself. The issue has split some Liberals and may continue to do so.
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.