| Scotiabank predicted Monday that commodity prices will continue to trade close to current levels for the summer before heading higher after September. The bank's Commodity Price Index soared by 6.1 per cent between March and April to a level just 13.4 per cent below its record high in July 2008. But that level likely corrected sharply in May, the bank said.
The index reached 233.6 in April. With a base of 100 in 1997, that means commodity prices are 2.3 times higher than 14 years ago..............................................Full Article: Source
|