And Canada has a strong currency. I suppose a weak currency country like the US, would be what, 2.5%-3.0% if reported honestly. This inflation cover-up is getting to be a joke, they'd be laughing stocks if this wasn't so serious. You think somebody on some big trading desk will just start the big dump? One more day to find Japanese patsies to sell to.
Canada Feb industrial prices up triple forecasts
Reuters, 03.31.04, 8:28 AM ET
OTTAWA, March 31 (Reuters) - Canadian industrial product
prices jumped 1.8 percent, triple what analysts expected , in
February from January because of a rebound in the U.S. dollar
last month and rising commodity prices, Statistics Canada
said on Wednesday.
Analysts had forecast, on average, that industrial prices
would have risen 0.6 percent in February from January. Statscan
revised January's industrial product price index up to 0.6
percent from a gain of 0.4 percent.
Excluding the effect of the U.S. dollar's rise against the
Canadian dollar in January, the industrial prices would have
risen 1.1 percent, the government agency said.
Vehicle prices shot up 1.8 percent from January, mainly due
to the foreign exchange effect, while strong demand pulled
lumber prices up 6.2 percent from January. The value of copper,
nickel, aluminum and lead also gained as did the prices of
petroleum, coal as well as pulp and paper.
Raw materials prices were up 3.4 percent in February from
January -- well above the 2.0 percent increase analysts expected
-- and mineral fuels were responsible for about half of the
monthly rise, Statscan said.
($1=$1.31 Canadian) |
