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US PPI Decreased in September | Canadian Housing Starts Fall

Published October 8, 2019
  • The US Producer Price Index for final demand decreased 0.3% in September, in a report published by the US Bureau of Labor Statistics today. Final demand prices rose 0.1% in August and 0.2% in July. The index for final demand – less foods, energy, and trade services – was unchanged in September after rising 0.4% in August.
  • British Prime Minister Boris Johnson explicitly told German Chancellor Angela Merkel that an agreement is essentially impossible earlier than Tuesday. An unnamed official from the prime minister’s office leaked the  news that the government is preparing for talks to collapse. The pound fell against the dollar touching a low of 1.2197.
  • The loonie is stable against the greenback this morning despite the Canadian release of construction numbers; housing starts fell to 221,000 in September, down from 227,000 a month earlier. There was more positive news from building permits, which jumped 6.1% in August, beating the estimate of 2.3%.