Producer prices in Canada rose sharply to 2.4% MoM in October, from flat reading in September and against market expectations of a 0.4% rise.
Main upward pressure came from prices of refined petroleum energy products (+14.9%), which posted the first increase in four months, and the largest monthly increase for the category since March 2022 (+19.3%).
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appOn a yearly basis, producer prices rose by 10.1%, after an upwardly revised 9.1% increase in the previous month.
USDCAD saw a relatively small reaction to today’s data release. Currency pair continued to trade around 1.3340 level, below 200 SMA (red line). Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
