CANADA DATA: Oct Industrial Prices +6% YOY; Precious Metals Up On Global Tension
Nov-20 14:02
- StatsCan's industrial price index +6% YOY, 13th straight increase.
- Gain driven by gold, silver, and platinum group metals, and their alloys, +54%.
- IPPI +1.5% MOM, fifth straight increase; ex-energy & petroleum +1.9% MOM.
- Primary non-ferrous metals +9.8% MOM, largest increase since 2010, as StatsCan says "precious metals posted price increases in October as a result of strong safe-haven demand caused by factors such as international trade tensions and uncertainty."
- Raw materials price index +5.8% YOY, ex energy +19%.
- RMPI +1.6% MOM; ex-crude energy +4.2%.
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