The statistics agency of Canada published economic reports, among which the wholesale inflation one stands out. The industrial production price index showed a fall of 0.4% in October, against the expectation of an increase of 0.1%. in September there was a decrease of 0.1%. For its part, the commodity index rose 0.5% in October.
In another report, it was learned that building permits they plummeted 14.6% in October. The market consensus was for a 5% decline. The September data was revised from + 17% to + 18.6%.
The third quarter current account balance showed a deficit balance of 7.5 billion, lower than the expected 9 billion.
The loonie it held its own in the market after the data, validating gains on almost all fronts. USD / CAD is around 1.2950.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
