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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
- Wholesale sales increased 1.4% M/M in the advance release for July, as they partially recovered from the heavy -2.8% M/M of June (all on an ex petroleum, products & other hydrocarbons, oilseed & grains basis).
- It follows upticks in advance readings for July in retail sales (+0.4% M/M) and manufacturing sales (+0.7% M/M).
- All these advances are in nominal terms, and whilst they are likely to look softer in volume terms when fed into next week’s real GDP advance, they do at least imply a bounce from the -0.2% M/M registered in the GDP June advance (further helped by hours worked increasing another 0.1% M/M in July).
- Very little market reaction to the release though, with key event risk yet to come from Fed Chair Powell’s Jackson Hole appearance.
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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