27.02.2026 - US PPI & Canada GDP
- US producer prices (PPI) rose 2.9% year-on-year in January, exceeding expectations of 2.6%, and 0.5% month-on-month, compared to the forecast of 0.3%, indicating stronger-than-expected inflationary pressures at the producer level.
- The Canadian economy contracted by an annualized 0.6% in the fourth quarter, significantly worse than the estimated -0.2%, confirming a deepening economic slowdown.
The US dollar is gaining against the CAD on these data releases. The very dovish reading in Canada contrasts with the hawkish PPI reading in the US.
USDCAD (M5)
Source: xStation5
Daily Summary: U.S. stock indices are climbing following the PPI data
US OPEN: Wall Street Rallies on Soft PPI Data
Software stocks rebound, as JPM falls flat and peace hopes remain
BREAKING: US PPI comes in weaker than expected. EURUSD gains ground
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