Canadian industrial product and raw materials price indexes declined in November

Market news

6 January 2015

Canadian industrial product and raw materials price indexes declined in November

Statistics Canada released its industrial product and raw materials price indexes. The Industrial Product Price Index (IPPI) fell 0.4% in November, beating forecasts for a 0.5% decline, after a 0.5% decrease in October. The decline was driven by lower prices for energy and petroleum products.

The Raw Materials Price Index (RMPI) dropped 5.8% in November, missing expectations for a 4.6% fall, after a 4.3% decline in October. That was the fifth straight decline.

The drop was driven by lower prices for crude energy products.

Foreign exchange market. American session: the U.S. dollar traded mixed against the most major currencies after the weaker-than-expected U.S. economic data

U.S. factory orders dropped 0.7% in November

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