Canadian PPI MoM (Feb) M/M 0.4% vs. Exp. 1.1% (Prev. 2.7%, Low. 0.7%, High. 2.0%)
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IEA Head says even if the ward ends soon “it will take a long time to have oil and gas rehabilitated. It will be six months for some [sites] to be operational, others much longer”, FT reports
Fed Governor Waller said he thought he would be dissenting after the last jobs report, but Iran conflict changed things; now expects labour force growth to be close to zero, which changes the breakeven level of job growth
Canadian PPI MoM (Feb) M/M 0.4% vs. Exp. 1.1% (Prev. 2.7%, Low. 0.7%, High. 2.0%)
Spain announces EUR 5bln aid package to curb impact of Iran war (confirms earlier reports)
US BROKER MOVES: ARM double upgraded at HSBC; MOS downgraded at BofA
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Context
The Canadian PPI for February printed at 0.4%, notably below expectations of 1.1% and down from the previous month's 2.7%. This miss could signal slowing price pressures, which might influence market expectations around Canadian monetary policy and the broader inflation outlook.
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