March 17, 2023 12:40 GMT
Little Impact From Softer Input Price Inflation
- IPPI the more notable at -0.8% M/M in Feb (cons +0.2%) but with the ex-energy item unchanged.
- It follows surprise weakness in US PPI inflation and comes ahead of next week’s CAD CPI for Feb.
- USDCAD sits near unchanged at 1.372 with CAD underperforming most majors on the day, whilst 2Y GoC yields surprisingly hold around -4.5bps despite 2Y Tsy yields slipping to now -10bps on the day.