Investing.com - Canada's raw materials price index fell less than expected in December, largely as a result of lower prices for crude energy products, official data showed on Tuesday.
In a report, Statistics Canada said the raw materials purchase price index declined by 7.6% in December, compared to expectations for an 8.8% drop. The raw material price index fell by 5.7% in November.
The RMPI fell at an annualized rate of 13.0% in December, after slumping at a rate of 4.0% in the previous month.
The data also showed that the industrial product price index dipped by 1.6%, compared to forecasts for a 0.5% drop, after falling 0.5% in November.
Year-over-year, the IPPI declined at an annualized rate of 0.5% in December, after increasing at a rate of 1.9% in the preceding month.
USD/CAD was trading at 1.2581 from around 1.2576 ahead of the release of the data.