Canada CAD

Canada PPI MoM

Info

History

Chart

Impact:

Low

Source: Statistics Canada

Latest Release:

Date:

Surprise:

0.3%

Actual:

0.4%

Forecast: 0.1%

Previous/Revision:

-0.5%

Period: Jun

Next Release:

Date:

Period: Jul

What Does It Measure?

The Canada Producer Price Index (PPI) measures the average change over time in the selling prices received by domestic producers for their output. It assesses inflation at the wholesale level across various goods and services, focusing on key areas such as energy, food, and manufactured products.

Frequency

The Canada PPI is released monthly, with the typical report published on the 24th day of the month following the reference month, and this data is considered a preliminary estimate subject to later revisions.

Why Do Traders Care?

Traders monitor the Canada PPI closely as it serves as an early indicator of inflation trends that can influence monetary policy decisions in the country. Higher than expected PPI readings can lead to speculation around interest rate hikes, positively impacting the Canadian dollar (CAD), while weaker readings might exert bearish pressures.

What Is It Derived From?

The index is derived from data collected through a survey of producers, reflecting the prices they charge for their goods and services. Specifically, it employs a weighted index methodology where prices are collected from a broad range of industries, ensuring a comprehensive representation of the Canadian economy.

Description

The Canada PPI is frequently cited in discussions about inflationary pressures in the economy, making it a vital gauge for economic analysts and policymakers. The preliminary version of the PPI suggests early price trends and can lead to significant market reactions, while the final data provides more refined insights based on comprehensive data collection.

Additional Notes

The PPI is considered a leading indicator of inflation, providing insights that often correlate with changes in consumer prices later on. Moreover, it serves as a crucial element in assessing broader economic health and can have implications for similar reports globally.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for CAD, Bearish for Stocks.

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
Jul 21, 2025	0.4%	0.1%	-0.5%	0.3%
Jun 20, 2025	-0.5%	0%	-0.8%	-0.5%
May 22, 2025	-0.8%	-0.5%	0.5%	-0.3%
Apr 22, 2025	0.5%	0.3%	0.6%	0.2%
Mar 20, 2025	0.4%	0.3%	1.6%	0.1%
Feb 20, 2025	1.6%	0.8%	0.4%	0.8%
Jan 22, 2025	0.2%	0.6%	0.6%	-0.4%
Dec 23, 2024	0.6%	0.3%	1.2%	0.3%
Nov 21, 2024	1.2%	0.3%	-0.8%	0.9%
Oct 22, 2024	-0.6%	-0.5%	-0.9%	-0.1%
Sep 20, 2024	-0.8%	-0.3%	-0.1%	-0.5%
Aug 21, 2024	0%	-0.3%	-0.1%	0.3%
Jul 19, 2024	0%	0.2%	0.2%	-0.2%
Jun 21, 2024	0%	0.5%	1.5%	-0.5%
May 28, 2024	1.5%	0.8%	0.9%	0.7%
Apr 22, 2024	0.8%	0.8%	1.1%
Mar 18, 2024	0.7%	0.1%	-0.1%	0.6%
Feb 19, 2024	-0.1%	-0.1%	-1.6%
Jan 17, 2024	-1.5%	-0.7%	-0.3%	-0.8%
Dec 19, 2023	-0.4%	-0.6%	-0.9%	0.2%
Nov 17, 2023	-1%	0.2%	0.4%	-1.2%
Oct 19, 2023	0.4%	0.3%	1.9%	0.1%
Sep 18, 2023	1.3%	0.5%	-0.1%	0.8%
Aug 18, 2023	0.4%	-2.3%	-0.6%	2.7%
Jul 18, 2023	-0.6%	-0.2%	-0.6%	-0.4%
Jun 19, 2023	-1%	-0.7%	-0.6%	-0.3%
May 23, 2023	-0.2%	0.2%	-0.1%	-0.4%
Apr 19, 2023	0.1%	1.6%	-0.6%	-1.5%
Mar 17, 2023	-0.8%	0.2%	0.3%	-1%
Feb 17, 2023	0.4%	-0.1%	-0.9%	0.5%
Jan 18, 2023	-1.1%	-0.3%	-0.5%	-0.8%
Dec 19, 2022	-0.4%	-0.4%	2.4%
Nov 18, 2022	2.4%	0.4%	0%	2%
Oct 19, 2022	0.1%	-0.9%	-1.6%	1%
Sep 19, 2022	-1.2%	-0.5%	-2.5%	-0.7%
Aug 18, 2022	-2.1%	-0.5%	-0.8%	-1.6%
Jul 20, 2022	-1.1%	1.8%	1.8%	-2.9%
Jun 17, 2022	1.7%	0.7%	0.8%	1%
May 19, 2022	0.8%	0.5%	3.4%	0.3%
Apr 22, 2022	4%	4%	2.6%
Mar 22, 2022	3.1%	2.1%	2.5%	1%
Feb 28, 2022	3%	0.6%	0.5%	2.4%
Jan 31, 2022	0.7%	1.5%	0.1%	-0.8%
Nov 30, 2020	-0.4%	0%	0.6%	-0.4%
Oct 30, 2020	-0.1%	0.1%	0.3%	-0.2%
Sep 29, 2020	0.3%	0.2%	0.7%	0.1%
Aug 31, 2020	0.7%	0.7%	0.2%
Jul 31, 2020	0.4%	0.5%	1.2%	-0.1%
Jun 29, 2020	1.2%	1.2%	-2.3%
May 29, 2020	-2.3%	-2%	-0.9%	-0.3%
Apr 30, 2020	-0.9%	-1.7%	-0.5%	0.8%
Mar 31, 2020	-0.5%	0.1%	-0.3%	-0.6%
Feb 28, 2020	-0.3%	0.1%	0.3%	-0.4%
Jan 31, 2020	0.1%	0%	-0.1%	0.1%
Jan 06, 2020	0.1%	0.2%	0%	-0.1%
Nov 29, 2019	0.1%	0%	-0.1%	0.1%
Oct 31, 2019	-0.1%	0.2%	0.2%	-0.3%
Sep 30, 2019	0.2%	0.3%	-0.3%	-0.1%
Aug 30, 2019	-0.3%	0.3%	-1.4%	-0.6%
Jul 31, 2019	-1.4%	-0.1%	-0.1%	-1.3%
Jun 28, 2019	0.1%	0.1%	0.8%
May 31, 2019	0.8%	0.7%	1.3%	0.1%
Apr 30, 2019	1.3%	0.7%	0.3%	0.6%
Mar 29, 2019	0.3%	0%	-0.3%	0.3%
Feb 28, 2019	-0.3%	0.1%	-0.8%	-0.4%
Jan 31, 2019	-0.7%	0.2%	-0.8%	-0.9%
Jan 04, 2019	-0.8%		0.2%
Nov 30, 2018	0.2%	-0.5%	0.2%	0.7%
Oct 31, 2018	0.1%	0%	-0.5%	0.1%
Sep 28, 2018	-0.5%	-0.3%	-0.2%	-0.2%
Aug 31, 2018	-0.2%	-0.3%	0.5%	0.1%
Jul 31, 2018	0.5%	0.3%	1.2%	0.2%
Jun 29, 2018	1%	0.9%	0.4%	0.1%
May 30, 2018	0.5%	0.7%	0.9%	-0.2%
Apr 30, 2018	0.8%	0.7%	0.3%	0.1%
Mar 29, 2018	0.1%	0.4%	0.4%	-0.3%
Feb 28, 2018	0.3%	0.5%	-0.1%	-0.2%
Jan 31, 2018	-0.1%	-0.2%	1.4%	0.1%
Jan 04, 2018	1.4%	0.8%	1.1%	0.6%
Nov 28, 2017	1%	0.5%	-0.3%	0.5%
Oct 31, 2017	-0.3%	0.4%	0.4%	-0.7%
Sep 29, 2017	0.3%	0.5%	-1.6%	-0.2%
Aug 29, 2017	-1.5%	-0.2%	-1.1%	-1.3%
Jul 31, 2017	-1%	-0.3%	0.1%	-0.7%
Jun 30, 2017	-0.2%	0.3%	0.6%	-0.5%
May 30, 2017	0.6%	0.7%	0.8%	-0.1%
Apr 28, 2017	0.8%		0.3%
Mar 30, 2017	0.1%	0.3%	0.6%	-0.2%
Feb 28, 2017	0.4%		0.3%
Jan 31, 2017	0.4%	0.6%	0.4%	-0.2%
Jan 05, 2017	0.3%	0.8%	0.7%	-0.5%
Nov 30, 2016	0.7%	0.6%	0.4%	0.1%
Oct 31, 2016	0.4%	0.2%	-0.4%	0.2%
Sep 30, 2016	-0.5%	0.1%	0.2%	-0.6%
Aug 30, 2016	0.2%	-0.1%	0.7%	0.3%
Jul 29, 2016	0.6%	0.5%	1.2%	0.1%
Jun 30, 2016	1.1%	0.4%	-0.5%	0.7%
May 30, 2016	-0.5%	0.2%	-0.6%	-0.7%
Apr 29, 2016	-0.6%	0.1%	-1%	-0.7%
Mar 29, 2016	-1.1%	-0.2%	0.5%	-0.9%
Feb 29, 2016	0.5%		-0.2%
Jan 29, 2016	-0.2%	-0.3%	-0.3%	0.1%
Jan 05, 2016	-0.2%		-0.5%
Nov 27, 2015	-0.5%	-0.1%	-0.4%	-0.4%
Oct 29, 2015	-0.3%	-0.1%	-0.3%	-0.2%
Sep 29, 2015	-0.3%	-0.4%	0.7%	0.1%
Aug 28, 2015	0.7%	0%	0.5%	0.7%
Jul 28, 2015	0.5%	0.4%	0.5%	0.1%
Jun 29, 2015	0.5%	0.5%	-0.9%
May 28, 2015	-0.9%	-0.1%	0.2%	-0.8%