| Commodity prices registered their fifth consecutive monthly decline on the Scotiabank Commodity Price Index, declining 2.3 per cent in April from a month earlier. The index has fallen more than 15 per cent from its near-term peak in April 2011, as slowing growth in China and economic malaise in Europe weigh on markets.
Oil and gas led the decline as the price discount on ‘Western Canadian Select’ (relative to West Texas Intermediate oil) widened to $32.81 (U.S.) a barrel, from $31.41...............................................Full Article: Source
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