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Industrial Prices fell in Canada by 0.8%
¡¾Feb.2, 2002¡¿

Industrial Prices fell in Canada by 0.8%
On a month-to-month basis, industrial prices fell 0.8% from November after edging down 0.1% in November from October. Price declines for pulp and paper products, and lumber products also contributed to the monthly decrease. From November to December, the value of the US dollar weakened against the Canadian dollar, pushing down prices of commodities that are quoted in US dollars, notably automobiles, lumber, pulp and newsprint. The impact on the index was such that if the exchange rate had remained unchanged, the index would have declined 0.4%.