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Scotiabank’s Commodity Price Index edges down in May

Posted on 28 June 2012

Commodity Price Index inched down by 0.1 per cent in May, the sixth consecutive monthly decline. The All Items Index has so far fallen 15.9 per cent below its April 2011 near-term peak, just prior to the advent of concern over excessive European sovereign debt. However, the correction remains much less than the 46 per cent slide in the second half of 2008.
“Concern over slowing global growth has pulled down riskier assets such as commodities and equities,” Patricia Mohr, vice-president Economics and Commodity Market Specialist at Scotiabank said………………………………………..Full Article: Source


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