Canada’s industrial producer prices rose 0.8% month-over-month in September, marking the fourth consecutive monthly increase, following a downwardly revised 0.2% gain in August. The rise was driven by primary non-ferrous metals (+5.9%), with unwrought silver and silver alloys up 12.3% and unwrought gold and gold alloys up 9.1%, posting their largest monthly gains since April 2024 after the US Federal Reserve’s September 17 rate cut and amid expectations of further easing. Energy and petroleum products (+1.4%) also contributed, led by diesel (+2.5%) and finished motor gasoline (+1.4%). Meat, fish, and dairy products (+0.7%) rose, supported by fresh and frozen chicken (+4.3%) and beef and veal (+1.4%). Offsetting the gains, lumber and other wood products fell 4.4%, with softwood lumber down 10.7% following higher US duties on Canadian imports. On a yearly basis, producer prices increased 5.5% in September, marking the 12th consecutive annual gain, following a 3.7% increase in August.