UPDATE 1-Canada April producer prices edge up

* Factory prices rise despite expected decline

* Primary metals products drive the gains

(Adds details)

OTTAWA, May 31 (BestGrowthStock) – Canadian producer prices edged
up 0.3 percent in April from March, largely as a result of
higher prices for primary metal products, Statistics Canada
said on Monday.

Raw materials prices climbed 1.7 percent in the month,
driven by crude oil.

Analysts surveyed by Reuters had forecast, on average, a
0.1 percent retreat in industrial product prices, which has
trended higher since November 2009. They predicted a 1.5
percent increase in raw materials prices.

Prices for primary metals products jumped 3.7 percent in
the month, pushed in part by a 13.7 percent gain in nickel
products. Those gains were partly offset by lower prices for
motor vehicles because of the sharp appreciation of the
Canadian dollar against the U.S. currency, Statscan said.

Stock Today
(Reporting by Louise Egan; Editing by Padraic Cassidy)

UPDATE 1-Canada April producer prices edge up