Monday, July 30, 2007

UPDATE 1-Canada factory prices tumble on C$, metals

(Reuters) - The second consecutive monthly decline was more than twice
the 0.6 percent fall forecast by analysts in a Reuters poll. In
the year to June, producer prices rose 2.2 percent compared
with 3.1 percent in May.




Raw materials prices climbed 0.6 percent in the month,
thanks mainly to rising crude oil prices, while the average
forecast called for a 0.1 percent drop. The year-on-year rise
jumped to 4.9 percent in June from 1.9 percent in May.


Read more at Reuters.com Economic News

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