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Canada December PPI -1.1% vs -0.3% expected

Canada December PPI -1.1% vs -0.3% expected
  • Prior was -0.4% (revised to -0.5%)
  • Prices +7.6% y/y vs +9.7% prior (revised to +9.4%)
  • Raw materials prices -3.1% m/m vs -0.8% prior

There's some good news for the Bank of Canada here. They have a tough decision on their hands next week with the market pricing in a 33% chance of no change and the remainder at 25 bps.

This article was written by Adam Button at www.forexlive.com... Read More
Posted: Jan 18 2023, 13:41
Author Name: forexlive
Views: 111845

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