COMMODITY INDEX
The Bank of Nova Scotia expects its benchmark Scotiabank Commodity Price Index to finish the year up 25%, with all sub-indices showing positive performance, the third largest Canadian banking group said Tuesday.
The oil and gas index rose 55% in the year-to-November after both oil and natural gas reached cycle-lows in the first quarter of the year, while the metals and minerals index rallied convincingly, up 27% on coal and zinc strength.
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