The Scotiabank commodity index has plummeted to levels not seen since 2007.
The Scotiabank commodity index has plummeted to levels not seen since 2007. The monthly barometer of the sector has declined with pressures from a stronger US dollar and increased competition. The bank says that the broad index fell by 8.6 per cent in January from the month before and 27.9 per cent from a year earlier. The gas and oil sub index had a more dramatic month-over-month drop of 21.5 per cent.
