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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
- * Headline CPI was a tenth stronger than expected at 6.8% Y/Y in April but underlying details were much stronger.
- The three main core measures all saw solid increases from further upward revisions to past months, leaving the average surging from 3.9% to 4.2% Y/Y.
- Largest increases in both the trim and median measures but common (service heavy) also increased another 0.2pps to 3.2% Y/Y, exceeding the 3% target limit for the first time.
- If there’s any consolation in the data if that’s a traditional measure of core CPI (ex food & energy) eased on a seasonally adjusted sequential basis from 0.72% M/M to +0.50% M/M but it still the second strongest print of the past year.
- GoCs sell-off another 1.5bps at the front-end to belly (now +5bps on the day) but surprising complete lack of reaction in USDCAD at 1.2816.
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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