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Commodities prices fell in October

Posted on 25 November 2011

Patricia MohrCanada’s major export commodities experienced further price declines in October thanks to ongoing European debt challenges and the failure of the U.S. Congressional Committee to agree on a deficit reduction package.

Scotiabank’s Commodity Price Index, which measures price trends in 32 of Canada’s major exports, lost further ground in October, declining 3.7%. The All Items Index has fallen 9.8% from its near-term peak in April. Yet this price correction remains mild compared with the Index’s 40% plunge in the second half of 2008………………………………………Full Article: Source


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