Canada CAD

Canada Raw Materials Prices YoY

Info

History

Chart

Impact:

Low

Source: Statistics Canada

Latest Release:

Date:

Surprise:

-0.4%

Actual:

-3.6%

Forecast: -3.2%

Previous/Revision:

3.9%

Period: Apr

Next Release:

Date:

Period: May

What Does It Measure?

The Canada Raw Materials Prices YoY measures the annual percentage change in the prices of raw materials that Canadian firms purchase, reflecting the cost pressures faced by producers. It primarily focuses on the production sector, assessing input costs that can influence production decisions and consumer prices across various industries.

Frequency

This indicator is released monthly, typically available in the middle of the month, and reflects final figures based on data collected from the previous month.

Why Do Traders Care?

Traders monitor Raw Materials Prices because they can indicate shifts in inflationary pressures and influence monetary policy decisions. A rise in raw material costs may lead to higher consumer prices, affecting asset classes such as currencies (particularly the CAD), bonds, and equities, as market participants adjust their expectations for central bank actions.

What Is It Derived From?

The Canada Raw Materials Prices YoY is derived from the comprehensive data collected on prices paid by businesses for various raw materials inputs, utilizing a weighted average of price changes across different sectors. The data is typically sourced from industry surveys and statistical reporting agencies that track price trends.

Description

The indicator compares the current prices of raw materials to those one year prior, providing insights into long-term inflation trends and the overall economic health of the production sector. It serves as a key measure for understanding changes in production costs and can signal shifts in demand and supply dynamics within the broader economy.

Additional Notes

This indicator acts as a leading measure of inflation, often reflecting changes before they impact consumer prices. It is closely related to other inflation metrics, such as the Consumer Price Index (CPI), and can serve as a barometer for economic trends both regionally and globally.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for CAD, Bearish for Stocks. Lower than expected: Bearish for CAD, Bullish for Stocks. A hawkish tone: Signaling higher inflation concerns or increased production costs, is usually good for the CAD but bad for Stocks due to higher borrowing costs affecting corporate margins.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
May 22, 2025	-3.6%	-3.2%	3.9%	-0.4%
Apr 22, 2025	3.9%	6.5%	9.2%	-2.6%
Mar 20, 2025	9.3%	10.1%	11.2%	-0.8%
Feb 20, 2025	11.8%	10%	9.1%	1.8%
Jan 22, 2025	9.1%	3.8%	2.4%	5.3%
Dec 23, 2024	2%	-1.5%	-2.8%	3.5%
Nov 21, 2024	-2.8%	-2.3%	-8.8%	-0.5%
Oct 22, 2024	-8.8%	-3.4%	-2.3%	-5.4%
Sep 20, 2024	-2.5%	5%	4.1%	-7.5%
Aug 21, 2024	4.1%	8%	7.2%	-3.9%
Jul 19, 2024	7.5%	3.3%	6.9%	4.2%
Jun 21, 2024	7.6%	4%	2.9%	3.6%
May 28, 2024	3.1%	1.5%	0.4%	1.6%
Apr 22, 2024	0.8%	-3%	-4.7%	3.8%
Mar 18, 2024	-4.7%	-3.8%	-6.5%	-0.9%
Feb 19, 2024	-6.4%	-7.4%	-7.9%	1%
Jan 17, 2024	-7.9%	-3%	-5.4%	-4.9%
Dec 19, 2023	-4.6%	-0.1%	-0.9%	-4.5%
Nov 17, 2023	-0.8%	3.2%	2.9%	-4%
Oct 19, 2023	2.4%	-2.3%	-4%	4.7%
Sep 18, 2023	-4.3%	-5.5%	-11%	1.2%
Aug 18, 2023	-11.1%	-19.2%	-20.2%	8.1%
Jul 18, 2023	-19.7%	-14.7%	-18.2%	-5%
Jun 19, 2023	-18.4%	-12.8%	-11.5%	-5.6%
May 23, 2023	-10.8%	-24.5%	-15.1%	13.7%
Apr 19, 2023	-16.5%	-11.8%	-5%	-4.7%
Mar 17, 2023	-5.2%	-4.6%	1.1%	-0.6%
Feb 17, 2023	1.2%	6.2%	8.1%	-5%
Jan 18, 2023	7.5%	13%	7.9%	-5.5%
Dec 19, 2022	8%	9.7%	8.6%	-1.7%
Nov 18, 2022	9%	7.8%	12.7%	1.2%
Oct 19, 2022	11%	13%	17.3%	-2%
Sep 19, 2022	17.6%	17%	19.1%	0.6%
Aug 18, 2022	19.1%	22%	32.6%	-2.9%
Jul 20, 2022	32.4%	36%	37.6%	-3.6%
Jun 17, 2022	37.4%	39.7%	38.3%	-2.3%
May 19, 2022	38.4%	31%	42.6%	7.4%
Mar 22, 2022	29.8%	32%	30.5%	-2.2%
Feb 28, 2022	30.5%	32%	29.3%	-1.5%
Jan 31, 2022	29%	36%	37.6%	-7%
Jan 04, 2022	36.2%	36.9%	38.5%	-0.7%
Nov 29, 2021	38.4%	35%	32.4%	3.4%
Oct 29, 2021	31.9%	28.2%	27.7%	3.7%
Sep 29, 2021	27.7%	35%	37.7%	-7.3%
Aug 27, 2021	37.7%	32%	38.1%	5.7%
Jul 30, 2021	38.1%	33%	40.1%	5.1%
Jun 30, 2021	40.1%	37%	56.2%	3.1%
May 31, 2021	56.4%	55%	34.7%	1.4%
Apr 30, 2021	34.7%		17.1%
Mar 31, 2021	17.1%		5.8%
Feb 26, 2021	6.2%		-0.7%
Jan 29, 2021	-0.7%		-1.7%
Jan 05, 2021	-1.7%		-0.9%
Nov 30, 2020	-0.3%		-2.8%
Oct 30, 2020	-9.4%		-7.5%
Sep 29, 2020	-7.6%		-12.1%
Aug 31, 2020	-12.1%		-13.5%
Jul 31, 2020	-13.5%		-24.3%
Jun 29, 2020	-24.3%		-36.6%
May 29, 2020	-36.7%		-22.7%
Apr 30, 2020	-22.7%		-5.9%
Mar 31, 2020	-5.9%		1.7%
Feb 28, 2020	1.7%		7.8%
Jan 31, 2020	7.9%		9.1%
Jan 06, 2020	9.3%		-5.1%
Nov 29, 2019	-5%		-5.3%
Oct 31, 2019	-5.3%		-6.1%
Sep 30, 2019	-6%		-8.9%
Aug 30, 2019	-9%		-9.4%
Jul 31, 2019	-9.2%		-3%
Jun 28, 2019	-2.8%		3.2%
May 31, 2019	3.2%		-1.5%
Apr 30, 2019	-1.5%		-2.1%
Mar 29, 2019	-0.6%		-5.1%
Feb 28, 2019	-5.5%		-5.8%
Jan 31, 2019	-5.8%		-10%
Jan 04, 2019	-9.9%		7.7%
Nov 30, 2018	7.7%		14.5%
Oct 31, 2018	14.6%		15.4%
Sep 28, 2018	15.5%		22.2%
Aug 31, 2018	22%	-0.3%	20.2%	22.3%
Jul 31, 2018	20.1%	2.7%	15.1%	17.4%
Jun 29, 2018	15.1%	1.2%	9%	13.9%
May 30, 2018	8.9%	-0.5%	10%	9.4%
Apr 30, 2018	10%		5.9%
Mar 29, 2018	5.9%		7.8%
Feb 28, 2018	7.7%		6.2%
Jan 31, 2018	6.2%		13.9%
Jan 04, 2018	14.2%		6.6%
Nov 28, 2017	6.6%		6.2%
Oct 31, 2017	6.3%		6.3%