Oil drives prices higher in March
OTTAWA — The price of goods leaving Canadian factory gates was up 0.9 per cent in March while raw material prices soared 5.7 per cent, both driven by a strong increase in the price of oil. Statistics Canada says its industrial product price index would have actually decreased 0.1 per cent after rising for seven straight months if the costs of oil and coal were factored out. Oil and coal were up 8.2 per cent in March, with meat, fish and dairy products rising 1.4 per cent and chemical products up 0.7 per cent.
The price of vehicles and other transportation equipment leaving factory gates dropped 0.8 per cent due to gains made by the Canadian dollar. Primary metal products dropped 0.3 per cent.
The agency’s raw materials price index went up a big 5.7 per cent in March, thanks to a 16.2 per cent jump in crude oil.
Non-ferrous metals, down four per cent, and vegetable products, down 4.3 per cent, slightly moderated the impact of higher crude oil prices.
Sony takes down online games site after security breach
NEW YORK — Sony says it has taken down its online PC gaming service due to a problem it found while investigating the security breach at its PlayStation service last month.
Sony Corp. said Monday on the Sony Online Entertainment website that it has temporarily suspended service because of an undisclosed issue. A spokesman says it’s not due to a second attack.
The site matches up players for PC games such as “Free Realms” and “DC Universe online.”
The company says it found the issue while investigating the recent security breach.
Sony executives apologized Sunday for the PlayStation Network security breach. The breach compromised the personal data of some 77 million player accounts.
— The Canadian Press