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Oil spread sends commodity price index to fourth straight decline

Posted on 27 April 2012

A measure of Canadian commodity prices dropped for the fourth straight month in March, led by declines in the prices of oil and gas, Scotia Economics reported Thursday.

The Scotiabank commodity price index slipped 2.9 per cent in March from February, and is 5.2 per cent below the reading for March 2011 — the first time the index has shown a year-over-year decline since October 2009, the report said………………………………………..Full Article: Source


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