A commodity rout is brewing, and Canada will be at the centre of any fallout: Globe
Wikimedia Commons/Shhewitt
The completed Hebron Oil Platform, before it was towed out to the edge of the Grand Banks off Newfoundland
A basket of commodity prices — including copper and Brent crude — has been tumbling for months on concern the world’s two largest economies are slowing down, according to a report by the Globe and Mail’s Tim Kiladze. While the commodity sell off has been overshadowed by the turmoil in global equities, Canadians may be forced to pay attention if it continues because the country’s resource-heavy economy will bear the brunt, the report said. Slumping commodity prices will also dampen the prospects for mergers and acquisitions, Kiladze said.
