Investing.com - Canada's raw materials price index fell more than expected in September, largely as a result of lower prices for crude energy products, official data showed on Wednesday.
In a report, Statistics Canada said the raw materials purchase price index declined by 1.8% last month, worse than expectations for a 1% drop. The raw material price index fell by 2.2% in August.
The RMPI fell at an annualized rate of 0.9% in September, after slumping at a rate of 0.6% in the previous month.
The data also showed that the industrial product price index dipped by 0.4%, missing expectations for a 0.3% increase, after rising 0.5% in August.
Year-over-year, the IPPI rose at an annualized rate of 2.5% in September, after increasing at a rate of 2.6% in the preceding month.
USD/CAD was trading at 1.1150 from around 1.1147 ahead of the release of the data.