The prices of products made in Canada, measured by the Industrial Products Price Index (IPPI), declined 0.6% in November, data released by Statistics Canada on Tuesday showed. In October there had been a fall of 0.4%.
The report highlights that the Commodity Price Index it rose 0.6% in November.
“Prices for energy and petroleum products rose 4.0%,” the publication read. This increase was mainly due to an 8.2% increase in the price of diesel and biodiesel fuels.
Market reaction
USD / CAD rose slightly after this report and was trading around 1.2760 / 65, just shy of Monday’s close.
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