At 14:30 (GMT+2), the May commodity price index will be published in Canada. Unlike the Industrial Price Index, this indicator includes purchase items not made in Canada, and all costs incurred by the buyer of raw materials are included in its calculation, including the goods, transportation costs, net taxes paid, and customs duties. If the value drops from 2.9% MoM and from –10.8% YoY, it will negatively affect the Canadian dollar.
