Canada January producer price index +1.6% m/m vs +0.2% expected

• Prior was +0.2%
• PPI y/y +5.8% vs +4.1% prior
• Raw materials price index +3.7% m/m vs +1.3% prior
• Raw materials price index +11.8% y/y vs +9.1% prior

The softening Canadian dollar has been a problem for commodity price inflation. Fortunately it’s levelled off in February.

The Bank of Canada has its hands full at the moment. Between this, the HST holiday, a looming election and tariff threats, there is so much noise.

This article was written by Adam Button at www.forexlive.com.