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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
- Building permits were clearly stronger than expected in Feb as they bounced 8.6% M/M (cons 2.0%) after -3.7% M/M, led by multi-unit resi and non-resi permits with single family flat.
- It supports the bounce in housing starts along with the broader levelling out of the decline in home sales.
- In doing so it matches the tentative bottoming in housing activity seen in the US, and whilst it’s for data prior to regional bank woes, Canadian banks have held up better through the period.
- It adds to evidence that the max impact on growth from the housing slowdown, at least directly, appears to have been seen after dragging circa -1pp from Y/Y real GDP growth through much of 2022.
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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