Here's our summary of key economic events overnight that affect New Zealand, with news Australia is opening its doors wider to immigrants to address sharp skills demand. In Canada, the final data for 2022 shows house prices there fell the most on record for any year, down -12%. December’s producer inflation also accelerated from an upwardly revised +9.7% price growth in November to the highest in three months. And oil prices start today down -US$1 at just under US$79/bbl in the US while the international Brent price is just over US$84/bbl. That all means our TWI-5 starts today at 70.9, and up +20 bps since this time yesterday.

Source: New Zealand Herald January 16, 2023 19:58 UTC