The location where the increase was the biggest is Regina
With a growth of 0.7% in March, export prices increase for a second month in a row.
For March, nonagriculturals prices are mainly driven by industrial product and material
Excluding oil, it's a increase of 0.3%. Overall it's the biggest hike since Mai 2006
For next releases, it will be important to take a close look at this figure because claims can skyrocket fast and if they continue to climb, the employment may fall sharply sooner that later.
Here is the FOMC expressing concern about inflation:
“In these circumstances, the Committee’s predominant policy concern remainsIt will be important to take a close look at numbers coming until the next meeting because a surge in oil price is likely to maintain inflation high. If the FOMC feel that household and professionals forecasters expect inflation to remain high they may increase FedFunds target in August against all expectations.
the risk that inflation will fail to moderate as expected. Future policy
adjustments will depend on the evolution of the outlook for both inflation
and economic growth, as implied by incoming information.”
The CMHC and the BoC expect construction to slowdown this year to 209,500 units. It's western canadian provinces that account for a major part of the growth.
