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Commodity prices decline at historic pace

Posted on 28 November 2008

From Canada.com: Commodity prices are falling at their fastest pace in decades, cutting a swath through the economy as tumbling crude puts Alberta oilsands projects on ice and crashing base metal prices shutter mines across the country.

Scotiabank reported Thursday its monthly commodity price index fell 16.6 per cent in October, the sharpest monthly decline since the index was created in 1972. The oil and gas sub-index led the plunge, off 21.8 per cent….. Full Article: Source


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