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April 08, 2020CANADA INDUSTRIAL PRODUCT PRICES, MARCH 2020 (FLASH) To provide Canadians with timely information about the uncertain impacts of COVID-19, Statistics Canada is providing a preliminary ('flash') estimate of industrial product prices. This will provide an early assessment of the first impacts from COVID-19. This information is preliminary and will be revised on April 30. These data refer to prices received by all Canadian producers across the country.
Overall Canadian industrial product prices declined 0.4 per cent from February to March. This was primarily associated with a 10.7 per cent decrease in energy and petroleum product prices. This is a similar month-to-month decline as was observed when oil prices fell significantly in 2014. National prices were up (Mar-20 vs Feb-20) for several key products manfuactured in Nova Scotia, including:
- pulp/paper products (though these are down compared to Mar19)
- lumber/wood products
- plastic/rubber products (little change vs Mar19)
- meat/fish/dairy products
Source: Industrial Product Price Index: Flash estimates, March 2020
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