Canada October produce price index +1.5% vs +0.3% expected

  • October Canadian pipeline pricing rises
Canada manufacturing factory
  • Prior was +0.8% (revised to +1.0%)
  • Prices y/y +6.0% vs +5.5% prior (revised to +5.7%)
  • Raw materials price index +1.6% m/m vs +1.7% prior

These are hot numbers. The Bank of Canada has already moved to the sidelines and one Canadian bank is now talking about rate hikes next year.

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