(Canada) Scotiabank's Commodity Price Index, which
measures price trends in 32 of Canada's major exports, fell by 0.7 per cent in July, the second consecutive monthly decline, though the Index remains 10.5 per cent above a year earlier.
The Forest Product Index inched up in July, as stronger prices for pulp and a temporary rally in OSB just offset slightly lower prices for lumber, newsprint and No. 3 offset paper. Northern bleached softwood kraft pulp prices rose from US$810 per tonne in June to US$830 per tonne in July in the United States, the highest level since January 1996. Producers have announced another US$20 hike for September.
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