Raw materials price index 3.3% vs 3.5%

  • Industiral Product prices rose by a greater than expected +0.7% vs +0.6%. The prior month came in at +0.4%
  • Industrial product prices YoY +0.8% vs -0.4%
  • Raw material prices rose by 3.3% vs. 3.5% est and 0.0% prior (revised from -0.1%).
  • Raw Materials YoY increased by 1.5%.

The data is about as expected. The GDP was a bit better than expected and of course OPEC is exerting an influence on the CAD trading.

The USDCAD has stayed within the lower extremes of the range since the data.