Canada April producer price index -0.8% m/m vs -0.5% expected

Prior was +0.5%)PPI y/y % vs 4.7% priorRaw materials price index -3.0% m/m vs -1.0% priorRaw materials price index -3.6% y/y vs +3.9% prior

The odds of a June Bank of Canada rate cut were at 32% before this report.

This article was written by Adam Button at www.forexlive.com.