Technical Analysis

Canada December PPI -1.1% vs -0.3% expected

  • Prior was -0.4% (revised to -0.5%)
  • Prices +7.6% y/y vs +9.7% prior (revised to +9.4%)
  • Raw materials prices -3.1% m/m vs -0.8% prior

There’s some good news for the Bank of Canada here. They have a tough decision on their hands next week with the market pricing in a 33% chance of no change and the remainder at 25 bps.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button