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Commodities Briefing - Categorized | Index, Performance more

Scotiabank’s Commodity Price Index edges down in October

Posted on 23 November 2012

After two months of strong gains, Scotiabank’s Commodity Price Index edged down in October by 0.2% month over month. Risk aversion returned mid-month, alongside another bout of concern over the outlook for global growth. The All Items Index currently stands 14.1% below the near-term peak in April 2011 - just prior to the advent of financial market concern over excessive Eurozone sovereign debt - and has fallen by 5.2% this year.
“Oil and gas prices rose across the board in October, with firmer natural gas and propane prices in Edmonton and Sarnia, as well as slight gains in light and heavy crude oil in Alberta,” said Patricia Mohr, Vice President, Economics and Commodity Market Specialist at Scotiabank………………………………………..Full Article: Source


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