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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
- Nominal retail sales were better than expected up to Aug (+0.7% M/M vs +0.2), coming in both stronger than expected and with a smaller hit in July (-2.2 from -2.5), but the -0.5 flash for Sept suggests continued weakness ahead.
- Volumes bounced back with +1.1% M/M in Aug but it follows July’s -1.9%, leaving the 3M/3M trend slightly contractionary in a notable pullback from a strong Q2.
- The release does little to change the latest leg higher in USDCAD shortly before the release to the 1.383-385 range whilst 2Y GoCs sold off 2.5bps before limiting this closer to +1bp for unchanged on the day.
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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