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.
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