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Forex News: CAD News--Current Account, IPPI, RMPI

Posted by Mr. Danish FX on Fri, 02/29/2008 - 8:34am in

CAD Current account came out at -.5B from the previously revised 1.34B.  The forecast was 0B, so this number is lower than the previous and expectation,  which is known to have a negitive effect on the CAD.  This is the first current account deficit since 1999 on the CAD.

The IPPI (Industrial Product Price Index) came out at .9% from the previous 1.1%.  The forcast was .8%.  This number measures the rate of inflation for goods.

Ther RMPI (Raw Materials Price Index) number came out at 3.4% from the previously revised .4%.  The forecast was .7%.  This number measure the rate of inflation for raw materials purchased by manufacturers.

In January, the RMPI was pushed up by the rise in prices for mineral fuels, vegetable products and non-ferrous metals. Versus last January, RMPI prices have increased 17.3% as mineral fuels and vegatable products have caused the surge.

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