Free Trial
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
- Labor productivity fell -0.61% Q/Q non-annualized in Q2 (cons -0.5) after an even weaker than first thought -0.77% Q/Q in Q1 (initial -0.60).
- In trend terms, it meant extending a fifth consecutive quarterly decline which without the +0.1% of 1Q22 would have meant a decline in productivity in every quarter since 3Q20.
- With hourly compensation rising 1.5% Q/Q, it meant ULCs increased an extremely strong 2.1% Q/Q, equating to 8.6% annualized for its fastest quarter since 1Q22.
- Despite the hawkish implications to the data, there has been very little reaction in FI space, although it could help act as a springboard in the event of any hawkish surprises in the BoC’s statement at 1000ET.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok