1/5/2016, 2:54 PM (Source: TeleTrader)
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Canada’s product and commodities prices drop

The Industrial Product Price Index (IPPI), estimated by the Statistics Canada, decreased 0.2% in November, as a result of lower prices for non-ferrous metal products. Meat, fish and dairy had the largest decrease since September 2008, because of declines in the categories of fresh and frozen pork and all types of processed meat.

The Raw Material Price Index (RMPI) fell 4% mostly because of declining prices of crude energy products. The overall gauge registered no change in October. Of the six main commodity groups, two rose, and four dropped. The indicator was dragged lower also by prices of animals and animal products.

The Canadian dollar added only 0.09% against the greenback, while it gained 0.82% versus the euro at 2:54 p.m. CET.

Baha Breaking News (BBN) / IT