July 2018 Canada PPI data 31 August 2018

  • Prior 0.5%. Revised to 0.7%
  • 6.6% vs 5.1% prior y/y. Revised to 5.3%
  • Raw material prices 0.7% vs 0.0% exp m/m. Prior 0.5%. Revised to 0.6%
  • 22.0% vs 20.1% prior y/y. Revised to 20.2%

Not as bad as expected on the m/m readings and a rise in raw materials. Year on year we’re still climbing.

USDCAD still sitting near the 1.3040 highs as the NAFTA blowout rules the roost.

Ryan Littlestone

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