Scotiabank Commodity Price Index Fell In June

Scotiabank’s Commodity Price Index edged down in June 2011.

Scotiabank’s Commodity Price Index edged down in June 2011. The index declined -0.3% month-on-month. It measures price trends in 32 of Canada’s major exports. In June, the -3.2% month-on-month decline in commodity prices was majorly in oil and gas, said Patricia Mohr, vice-president, economics and commodity market specialist at Scotiabank. The Metal and Mineral Index rose by 0.1% month-on-month in June.

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