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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
- Consumer confidence edged higher in the weekly Nanos/Bloomberg poll from 45.3 to 45.8, as better expectations (technically highest since October) offset weaker conditions (lowest this month).
- That said, whilst the index stabilising around 45-46 this month sees it off lows of 42 late last year and all-time lows of 37 at the depths of the pandemic, it’s still only marginally higher than 2008 lows when the survey was first introduced.
- This low level of confidence could help keep downward pressure on household consumption which was already shown to have slowed heavily with -1% annualized in Q3 when confidence fell more meaningfully below the 50 mark, albeit after a very strong 9.5% in Q2.
Nanos/Bloomberg confidence (white), expectations (yellow)Source: 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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