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Tuesday, August 29, 2017

Canada July industrial product price -1.5% vs -0.7% expected

July PPI data from Canada - Prior was -1.0% - Raw materials price index -0.6% vs -0.3% expected - Prior raw materials index -3.7% I suspect these downside surprises are because of the stronger Canadian dollar. That's a sign for the Bank of Canada that stronger CAD has done most of their work for them.
Canada July industrial product price -1.5% vs -0.7% expected

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