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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
- The Bloomberg Nanos consumer survey dipped just 0.1pt to 52.6 in the week to Jul 28 as it held most of the prior week’s solid +0.5pt increase.
- It remains close to recent highs of 53.1 in early June, resilient considering a further two hikes from the BoC to 5%, even if it remains off the 55-60 region seen pre-pandemic.
- The small dip on the week was concentrated in forward-looking views on the economy, whilst there were further improvements in backward-looking personal finances, current job security and forward-looking real estate optimism was little changed.
- It’s only a small survey with a four-week rolling average of a combined 1000 responses but the relative resilience is notable after the bulk of the increase off lows came earlier in the year once the BoC had indicated a conditional pause in rate hikes.
Nanos Economic Mood IndexSource: Bloomberg
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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