U.S. IP rises; Canadian manufacturing shipments jump

(April 16, 2013) -- U.S. industrial production (IP) rose 0.4 percent in March, which was above market expectations for a 0.2 percent gain. March 2013 U.S. consumer prices were weaker than expected and dropped 0.2 percent in the month. Canadian manufacturing sales surged 2.6 percent in Feb. 2013 and were above market expectations for a 0.6 percent gain.