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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
- Retail sales came in as expected in March at -1.4% M/M with surprisingly no revision from the low response rate prior advance.
- The details gave a relatively stronger takeaway though, with sales ex autos at -0.3% M/M (cons -0.8) whilst core sales (ex autos, parts & gas) recorded their four straight gain with +0.3% M/M.
- With retail prices falling -0.4% M/M on the month, overall volumes saw a decline of -1.0% M/M after -0.6% in Feb, but importantly this followed +1.5% in Jan for 4.9% annualized growth in Q1.
- On Q2, the April nominal advance printed +0.2% M/M, an unsurprisingly limited rebound after CIBC had warned with the cold start to the spring and Quebec power outages. This builds on the weak momentum heading into Q2 – see charts.
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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