- 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.
