Canadian producer prices increased by 0.3 percent in November from October on higher costs for vehicles and primary non-ferrous metal products, Statistics Canada said on Thursday. Of the 21 major commodity groups, prices rose in 14, fell in two and were unchanged in five.
Prices for motorised and recreational vehicles climbed by 1.1 percent, largely due to a 1.4 percent decline in the Canadian dollar against the greenback. Many vehicles are priced in US dollars and become more expensive when the Canadian currency weakens. Prices for primary non-ferrous metal products advanced by 2.3 percent, pushed up by gains for unwrought copper and copper alloys.
Copyright Reuters, 2017
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