CANADA JANUARY PPI SURGES ABOVE EXPECTATIONS
CANADA JANUARY PPI SURGES ABOVE EXPECTATIONS
Canada’s January PPI rises 1.6% m/m, surpassing the expected 0.2%.
PPI y/y increases by 5.8%, up from 4.1% in the prior month.
Raw materials price index rises 3.7% m/m and 11.8% y/y, both higher than previous readings.
Softening Canadian dollar contributes to commodity price inflation, but levels off in February.
The Bank of Canada faces multiple challenges, including a looming election and tariff threats.
