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CANADA DATA: Raw Material Prices In Oct Show Third Straight YOY Decline

CANADA DATA
CanadaData BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Canada's Raw Materials Price Index -2.8% YOY in October, third straight decrease.
  • RMPI +3.8% MOM led by crude.
  • Industrial Price Index +1.2% MOM after two prior declines. Biggest monthly growth since April.
  • Increase driven by precious metals, +7.6% amid Middle Eastern conflict, U.S. election uncertainty and interest rate cuts by central banks.
  • IPPI +1.1% YOY was also mainly boosted by precious metals while multiple product groups declined.
  • BOC has premised its rate cuts partly on the idea that companies are scaling back major price increases.
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  • Canada's Raw Materials Price Index -2.8% YOY in October, third straight decrease.
  • RMPI +3.8% MOM led by crude.
  • Industrial Price Index +1.2% MOM after two prior declines. Biggest monthly growth since April.
  • Increase driven by precious metals, +7.6% amid Middle Eastern conflict, U.S. election uncertainty and interest rate cuts by central banks.
  • IPPI +1.1% YOY was also mainly boosted by precious metals while multiple product groups declined.
  • BOC has premised its rate cuts partly on the idea that companies are scaling back major price increases.