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Commodities Briefing - Categorized | Index, Performance more

Canadian Commodity Index declines along with oil and gas prices

Posted on 29 November 2013

For a third month in a row, commodity prices have fallen in Canada, according to the latest Scotiabank Price Index. It shows prices were down by 3.8 per cent, with the Oil and Gas Sub-Index leading the decline down 8 1/2 percentage points in October.
Patricia Mohr, an economist with Scotiabank, said the main reasons for the decline are lower oil prices and a buildup of light oil in the United States. She also noted transporting product has been a problem, as Albertans are getting around $26 less per barrel than the world market, but she said railways are starting to pick up the slack………………………………………..Full Article: Source


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