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Commodity slump weighing on Canadian and global economies

Posted on 18 February 2016

The ongoing decline in commodity prices has hit Canada’s economy hard, depressing incomes, and triggering layoffs and capital spending cuts. The U.S.-dollar prices of most internationally traded commodity products have slipped, hammering hundreds of resource companies (and their suppliers), and hurting business and consumer confidence across swaths of the country.
And it’s important to realize that the commodity carnage isn’t restricted to oil. It’s also affecting natural gas, coal, base metals, potash, various industrial raw materials, and some segments of the agri-food sector. Lumber prices have also beaten a hasty retreat in recent months………………………………………..Full Article: Source


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