| Canada’s major export commodities experienced further price declines in October thanks to ongoing European debt challenges and the failure of the U.S. Congressional Committee to agree on a deficit reduction package.
Scotiabank’s Commodity Price Index, which measures price trends in 32 of Canada’s major exports, lost further ground in October, declining 3.7%. The All Items Index has fallen 9.8% from its near-term peak in April. Yet this price correction remains mild compared with the Index’s 40% plunge in the second half of 2008.............................................Full Article: Source |