Indicator analysis: Canada producer prices jump in August

NEW YORK (Forex News Now) – The prices of raw materials purchased by Canadian producers rose more than forecast in August, official data showed on Wednesday in one of the day’s major realtime FX news events.

In a monthly report closely watched by FX traders, Statistics Canada said its raw materials price index climbed 2.2 percent during the month, after a rise of 1.8 percent in July.

Analysts had expected a more modest increase of 0.6 percent in August, according to two currency market trading news outlets.

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