Canada November producer price index +6.1% y/y vs +6.0% prior

IPPI for November 6.1% vs 6.0% priorRMPI YoY 6.4% vs 5.8% priorIPPI MoM 0.9% vs 0.3% est and 1.5% previousRMPI MoM 0.3% vs 1.6% lastDetails of the IPPI:Annual Change: Gained 6.1% year-over-year, marking the 14th straight annual increase.Broad-Based Rise: 16 out of 21 commodity groups saw prices rise compared to last year.Summary of the Primary Drivers of IncreaseEnergy and Petroleum Products (+4.3%):This was the strongest monthly gain for energy since January 2025.Diesel (+7.9%) and Gasoline (+1.5%) rose due to tighter global supply linked to sanctions on Russia and infrastructure disruptions from the Russia-Ukraine conflict.Seasonal demand for home heating oil also added upward pressure.Precious Metals (+0.8%):Marked the seventh straight monthly gain for non-ferrous metals.Silver (+3.2%) and Gold (+1.2%) prices were pushed higher by investors anticipating U.S. Federal Reserve interest rate cuts and global supply tightness.On a