Investing.com – Canada's raw materials price index rose significantly less-than-expected in January, official data showed on Wednesday.
In a report, Statistics Canada said the raw materials purchase price index rose by a seasonally adjusted 0.3% in January, after increasing by 4.2% in December.
Analysts had expected the raw materials purchase price index to rise by 3.2% in January.
The report said the increase was due to higher prices for petroleum and coal products and metal products.
Meanwhile, the industrial product price index rose less-than-expected in January, increasing by 0.2%, after rising by 0.8% in December, whose figure was revised up from 0.7%.
Analysts had expected the industrial product price index to rise by 0.5%.
Following the release of the data, the loonie was up against the U.S. dollar, with USD/CAD shedding 0.26% to hit 0.9721.
In a report, Statistics Canada said the raw materials purchase price index rose by a seasonally adjusted 0.3% in January, after increasing by 4.2% in December.
Analysts had expected the raw materials purchase price index to rise by 3.2% in January.
The report said the increase was due to higher prices for petroleum and coal products and metal products.
Meanwhile, the industrial product price index rose less-than-expected in January, increasing by 0.2%, after rising by 0.8% in December, whose figure was revised up from 0.7%.
Analysts had expected the industrial product price index to rise by 0.5%.
Following the release of the data, the loonie was up against the U.S. dollar, with USD/CAD shedding 0.26% to hit 0.9721.