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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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Free AccessScotia Above Consensus For CAD CPI
- Scotia are at the top end of a relatively narrow analyst range of 2.9-3.1% Y/Y for headline CPI in June.
- Their estimate is based off headline CPI increasing 0.3% M/M in both SA and NSA terms, but with traditional core up 0.4% M/M seasonally adjusted for a 3-month rate pushing to circa 3.9% from 3.6% annualized.
- Among the things to watch for will be service price inflation that has remained hot, and whether the prior month’s deceleration in goods price inflation will persist.
- However, they see this week’s CPI report as probably just a placeholder that sparks market volatility without settling positioning for the BoC’s next potential move.
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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.