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OTTAWA, Nov 27 (Reuters) - Canadian producer prices in
October fell for the third consecutive month, dropping 0.5
percent from September on lower prices for motorized and
recreational vehicles, Statistics Canada said Friday.
Market operators polled by Reuters had forecast a 0.1
percent drop. Among the 21 major commodity groups, two rose, 18
declined and one was unchanged.
The stronger Canadian dollar helped pull down prices for
motorized and recreational vehicles by 1.1 percent.
Some exporters price their goods in U.S. dollars, which
means they get fewer Canadian dollars as the domestic currency
gains value. The Canadian dollar appreciated 1.5 percent
relative to the U.S. greenback in October.
Energy and petroleum products fell by 1.0 percent, thanks to
a 1.8 percent drop in motor gasoline prices. Excluding the
energy group, producer prices fell 0.4 percent.
Raw materials prices rose by 0.4 percent from September on
the back of a 2.4 percent increase in prices for crude energy
products. Compared to October 2014, raw materials prices fell by
17.5 percent.
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Graphic - Canada producer prices http://link.reuters.com/cuj92t
Graphic - Canada economic dashboard http://graphics.thomsonreuters.com/15/sc-canada/index.html
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