Skip to main content

Canadian producer prices increased by 0.8 percent in March from February on higher prices of energy and petroleum products as well as paper and pulp, Statistics Canada said on Monday.

Economists polled by Reuters had predicted a 0.7 percent gain. Of the 21 major commodity groups, prices were up in 16 and down in four, leaving one unchanged.

Energy and petroleum products prices rose by 1.3 percent after a 1.8 percent decline in February, pushed up by demand for gasoline. Prices for pulp and paper products jumped by 3.4 percent, the most since October 2008.

Story continues below advertisement

Prices for motorized and recreational vehicles increased by 0.4 percent, thanks largely to a 2.7 percent fall in the value of the Canadian dollar against the greenback in March. Many vehicles are priced in U.S. dollars and become more expensive when the Canadian currency weakens.

The raw materials price index rose by 2.1 percent on higher prices for crude energy products and crops such as cocoa beans, wheat and canola.

Report an error
Comments

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • All comments will be reviewed by one or more moderators before being posted to the site. This should only take a few moments.
  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed. Commenters who repeatedly violate community guidelines may be suspended, causing them to temporarily lose their ability to engage with comments.

Read our community guidelines here

Discussion loading ...

Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.
Cannabis pro newsletter