Canadian producer prices soften, -0.1% vs 0.0% exp

  • Prior revised down to -0.6% from -0.5%
  • Prices down 0.3% y/y
  • Raw materials prices +3.4% in Sept vs +1.5% exp
  • Q2 GDP revised to 1.9% from 1.8% on change in accounting standards

Hard to envision any urgency for the Bank of Canada to hike rates. No reaction to this data.

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