Canadian PPI YoY (Feb) Y/Y 5.4% (Prev. 5.4%)
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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 YoY (Feb) Y/Y 5.4% (Prev. 5.4%)
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 came in at 5.4%, unchanged from the previous reading. This consistency suggests no significant inflationary pressure has emerged in the Canadian economy over this period, which could impact the outlook for the Bank of Canada's monetary policy decisions in the near term.
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