Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Canada’s industrial product price index (IPPI) fell by 0.4pc while its raw material price index (RMPI) increased by 0.5pc in October from the previous month, according to Statistics Canada (StatCan). The country’s IPPI increased by 7pc and RMPI on the other hand fell by 0.3pc in October on an annual basis. 


Under IPPI, the prices for primary non-ferrous metals fell by 2.1pc, while those for primary ferrous metal products increased by 1.7pc due to an increase in semi-finished iron. The IPPI for steel products also rose by 1.7pc. Metal ores, concentrate, and scrap prices fell by 2.3pc in October which in turn affected the RMPI, StatCan reported. 


Statcan also reported that Canada’s building permits dropped by 14.6pc in October from the previous month. 


Building permits decline

The country’s non-residential permits declined by 29.5pc in October under which commercial permits fell by 40.9pc, industrial permits dropped by 19.8pc, and institutional permits decreased by 9.9pc from the previous month. 


Canada’s residential permits were down 5.9pc in October of which, permits for single-family dwellings fell by 2.2pc and multifamily homes dropped by 9pc from the previous month. 



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