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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
- Having already forecast a moderate recession in mid-2023, RBC go further and see the housing market on track for the steepest correction of the past five national downturns.
- That involves prices falling more than 12% by 2Q23 with sales falling 23% this year and 15% in 2023 as housing affordability is on track to reach worst-ever levels.
- They keep to their BoC rate forecast for a terminal 3.25% by Oct before a cut to 3% in Oct’23, but forecast a 5Y GoC yield of 2.8% for Dec’22, 2.7% for Jun’23 and 2.4% for Dec’23 (trading 2.85% today after rallying 12bps).
Source: RBC
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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