-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI DATA ANALYSIS:Energy Boosts Canadian Industrial Prices>
--Resending to Fix Typo in Headline
--IPPI +0.5% M/M; Excluding Energy and Petroleum -0.1% M/M
--IPPI Excluding CAD Appreciation Impact +0.9% M/M
By Yali N'Diaye
OTTAWA (MNI) - Prices for manufactured goods produced in Canada
increased for the fourth consecutive month in April, with a gain of 0.5%
after 0.9% in March, boosted by energy prices, Statistics Canada
reported Wednesday.
On a year-over-year basis, the Industrial Product Price Index
increased at a steady pace of 2.4%, with energy also the main
contributing factor to the rise.
The figures suggest prices will contribute positively to the value
of manufacturing sales over the month, especially in the energy and
petroleum sector.
--CONCENTRATED GAINS
Price gains were concentrated in 7 of 21 commodity groups,
contributing to more than a fourth of the index.
The majority of categories (11) posted lower prices on the month,
led by chemicals and chemical products (-0.5%). "Lower pharmaceutical
prices were attributable to an agreement between the pan-Canadian
Pharmaceutical Alliance and the Canadian Generic Pharmaceutical
Association, which lowered prices for a large number of generic drugs as
of April 1, 2018," the report said.
Three categories were unchanged on the month.
--ENERGY BOOST
Higher prices for energy and petroleum were the main upward
contributor to both the monthly and 12-month price gains.
Energy and petroleum prices were up 4.5% on the month, including a
7.2% gain for gasoline, as lower production from the Organization of the
Petroleum Exporting Countries further pressured supply.
Excluding energy and petroleum, prices actually contracted 0.1% on
the month, marking the first decline since September 2017. They
increased 0.8% year-over-year.
--CAD APPRECIATION WEIGHS
The Canadian dollar appreciation over the month weighed on prices
in April, when the loonie appreciated 1.6% against the U.S. dollar.
Had the exchange rate remained constant, prices would have
increased 0.9% instead of 0.5%.
Prices for motorized and recreational vehicles, which are
particularly sensitive to exchange rate fluctuations, edged down 0.1% on
the month.
--HIGHER PRICES PAID
Prices paid by Canadian manufacturers for key raw materials also
increased in April, when they were up 0.7% after rising 2.1% in March.
Prices increased 8.9% year-over-year.
Once again, the Raw Materials Price Index was boosted by crude
energy prices, which were up 3.2% on the month and 20.0% year-over-year.
Excluding crude energy, the RMPI was down 1.3% on the month and up
0.6% year-over-year.
--MNI Ottawa Bureau; email: yali.ndiaye@marketnews.com
[TOPICS: M$C$$$,MACDS$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.