Canada factory and raw material prices fall on energy

Fri Nov 28, 2014 8:56am EST
 
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OTTAWA (Reuters) - Cheaper energy was the lead cause of a 0.5 percent decline in Canadian factory prices in September and a 4.3 percent fall in raw materials prices, Statistics Canada said on Friday.

The median forecasts in a Reuters survey of analysts was for a 0.4 percent fall in industrial product prices and only a 2.5 percent fall in raw materials prices.

(Reporting by Randall Palmer; Editing by Chizu Nomiyama)

 
Workers piece together outerwear on the manufacturing floor of Canada Goose's facility in Toronto January 17, 2012. REUTERS/Fred Thornhill