Wednesday, April 1st5.0°C
25757
25263

Scotiabank commodity price index rises in February on strong oil and gas

TORONTO - Scotiabank says its commodity price index rose 7.2 per cent in February, boosted by higher prices for oil and gas.

The oil and gas index rose amid frigid winter weather across North America and stronger U.S. refinery demand for Alberta bitumen.

Scotiabank commodity market specialist Patricia Mohr says while rising supplies of U.S. 'light, tight' oil pose risk to light oil prices across North America by mid-2015, heavy oil prices for Alberta bitumen producers should hold up well, with Houston refineries requiring a heavy oil slate.

Potash also inched ahead to US$297.50 per tonne after bottoming in January at US$295, with demand reported to be strong in Latin America and China.

Gold prices touched a high of US$1,385 in mid-March as nervous investors sought a safe haven after uncertainty in the Ukraine.

The forest products index, meanwhile, edged down in February, falling 1.1 per cent from the previous month.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14942.55+40.11
S&P CDNX681.32+1.25
DJIA17698.18-77.94
Nasdaq4880.23-20.66
S&P 5002059.69-8.20
CDN Dollar0.7942+0.0017
Gold1203.70-4.40
Oil49.69-0.40
Lumber274.00+1.00
Natural Gas2.593-0.012

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.010.00
QHR Technologies Inc1.55+0.07
Cantex0.03-0.01
Anavex Life Sciences0.23+0.02
Metalex Ventures0.045+0.005
Russel Metals24.83+0.79
Copper Mountain Mining1.19+0.03
Colorado Resources0.11-0.01
ReliaBrand Inc0.0036-0.0024
Sunrise Resources Ltd0.04-0.01
Mission Ready Services0.23-0.02
Decisive Dividend Corporation1.80+0.02

 





FEATURED Property
20256123360 Turnbull Road
10085698 bedrooms
$599,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Down payment

If you have less than 20% down payment, mortgage insurance is required through Canada Mortgage & Housing (CMHC), Genworth or Canada Guaranty. Homeowners no longer need the minimum 5% down payment ...


CRA Notice of Assessment

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of ...


Medical confidential?

If ICBC asks your doctor for your information you may wonder: Can ICBC ask my doctor for my medical information? Can ICBC request a medical report from my doctor without my consent? What is ICBC entit...

_








Member of BC Press Council


25772