Canada October produce price index +1.5% vs +0.3% expected

• Prior was +0.8% (revised to +1.0%)
• Prices y/y +6.0% vs +5.5% prior (revised to +5.7%)
• Raw materials price index +1.6% m/m vs +1.7% prior

These are hot numbers. The Bank of Canada has already moved to the sidelines and one Canadian bank is now talking about rate hikes next year.

This article was written by Adam Button at investinglive.com.