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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
- Note that sales of autos (+1.5%) and gasoline (+3.2%) are heavy drivers behind the strength in nominal sales, which registered a surprise 0.6% M/M in September (advance had 0.0%) after -0.1% in Aug.
- Instead, core retail sales (ex gasoline stations & fuel vendors and motor vehicle & parts dealers) declined -0.3% M/M after -0.4% M/M.
- Overall volumes meanwhile increased a seasonally adjusted 0.2% M/M after -0.5%, but again autos (+1.2%) and gasoline (+2.3%) dominated. Core retail sales volumes instead fell -0.5% M/M.
- Despite this underlying weaker picture and the heavy decline for flash manufacturing sales in October, the paring in GoC losses has been relatively restrained with 2s and 5s still trading 2.5-2bp cheaper post-data for 4-3.5bp cheaper on the day.
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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