UPDATE 1-Energy boosts Canada October producer prices

* Factory prices rise 0.5 percent in October

* Raw material prices jump 1.7 percent
(Adds details)

OTTAWA, Nov 29 (BestGrowthStock) – Higher prices for energy
products boosted Canadian producer prices and raw materials
prices more than expected in October, according to Statistics
Canada data released on Monday.

The industrial product price index rose 0.5 percent in the
month, beating market forecasts of a 0.3 percent gain and
accumulating a 2.3 percent increase on the year.

Statscan said reduced supply from U.S. refineries helped
boost petroleum and coal product prices in October by 4.5
percent.

Primary metal products and chemical products also rose,
partially offset by a decline in motor vehicles and other
export goods which were hit by an appreciation of the Canadian
dollar versus the U.S. dollar.

Raw materials prices grew 1.7 percent in October, beating
estimates for a 0.9 percent gain on increases in mineral fuels,
nonferrous metals and vegetable products

Raw materials prices rose 5 percent from a year earlier.
(Reporting by Louise Egan and Julia Johnson, Editing by W Simon )

UPDATE 1-Energy boosts Canada October producer prices