Details of the June 2015 Canada PPI data report 28 July 2015

  • Prior 0.5%
  • -0.9% vs -1.2% exp y/y. prior -1.3%
  • Raw materials 0.0% vs 1.0% exp m/m. Prior 4.4%
  • -17.5% vs -17.0% prior y/y. Revised to -16.6%

The rate of price falls seems to be reducing, though raw materials are still very much cheaper. As long as input costs match or are lower too there's no real effect on margins

Raw prices ex-crude came in -0.8% vs +1.2% in May. Total PPI ex-fuel was +0.4% vs -0.2% prior m/m

USDCAD virtually unchanged at 1.3015

Canadian PPI m/m