The outlook for Saskatchewan commodities
By Leader-Post, The Leader-Post December 19, 2013
REGINA — The outlook for Saskatchewan commodities, like oil and gas, potash and uranium, wheat and canola, is not good for 2014, but prospects for 2015 and beyond are better, according to commodity price reports from two major financial institutions.
Scotiabank’s Commodity Price Index year-end review and outlook for 2014 noted that the index declined 5.8 per cent in November and is currently 10.4 per cent below where it was a year earlier.
“While commodity prices lost ground in 2013 — partly due to disappointingly slow global growth (2.9 per cent in 2013, down from 3.2 per cent in 2012)
Uranium prices also stayed at a low ebb (currently $34.50 US per pound) with Japan’s 50 nuclear reactors still off-line,’’ the report said.
http://www.leaderpost.com/business/Sask+outlook+good+2014+better/9307999/story.html
Scotiabank’s Commodity Price Index year-end review and outlook for 2014 noted that the index declined 5.8 per cent in November and is currently 10.4 per cent below where it was a year earlier.
“While commodity prices lost ground in 2013 — partly due to disappointingly slow global growth (2.9 per cent in 2013, down from 3.2 per cent in 2012)
Uranium prices also stayed at a low ebb (currently $34.50 US per pound) with Japan’s 50 nuclear reactors still off-line,’’ the report said.
http://www.leaderpost.com/business/Sask+outlook+good+2014+better/9307999/story.html
