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Canada September PPI +2.0% m/m vs +1.3% prior

Reported · Written up by our desk · Major Pairs

Prior was +1.3% m/m PPI y/y 14.5% vs 13.5% prior Raw materials price index 4.8% m/m vs 3.3% prior Raw materials price index 27.0% y/y vs 22.9% prior The market is pricing in an 80% chance of a Bank of Canada rate hike on October 28. This week's CPI number was on the low side but this data point highlights the inflation in the pipeline. USD/CAD is down 10 pips to 1.4035 today and that highlights how the dynamic in the FX market has totally flipped. S&P 500 futures are down 0.9% but the market sees it as money fleeing the US AI trade, not a tradi

Latest closeS&P 500 7,757.17 ▲0.6%

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