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Statistics Canada released its industrial product and raw materials price indexes. The Industrial Product Price Index (IPPI) fell 0.4% in November, beating forecasts for a 0.5% decline, after a 0.5% decrease in October. The decline was driven by lower prices for energy and petroleum products.
The Raw Materials Price Index (RMPI) dropped 5.8% in November, missing expectations for a 4.6% fall, after a 4.3% decline in October. That was the fifth straight decline.
The drop was driven by lower prices for crude energy products.
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