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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
- Landing ahead of the BoC decision at the top of the hour (due a single page statement), labor productivity continued its dire trend with a -0.8% Q/Q (cons -0.6) or -3.5% annualized decline in Q3.
- The only good news was that Q2 was revised from -0.6% to -0.1% Q/Q, or -0.5% annualized, as part of some far-reaching revisions.
- Productivity levels are now 1.5% below where they were ahead of the pandemic, in firm contrast to the US where they are 6% higher.
- Whilst coming too soon to realistically be of influence in today’s decision, it nevertheless adds a hawkish angle considering wage growth has been stuck at the higher end of its 4-5% range in monthly labour reports.
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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