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WORLD COMMODITY PRICES [4 records]

Record 1 2010-04-23

English

Subject field(s)
  • Market Prices
  • Foreign Trade
  • Domestic Trade
CONT

Because Canada is a large producer and net exporter of resource-based goods, the Canadian dollar is often referred to as a commodity-based currency. In other words, the value of the Canadian dollar is correlated to the strength of world commodity prices. When world commodity prices are high, then resource-based industries in Canada are more profitable, making the Canadian economy stronger and thus attracting investment and placing upward pressure on the Canadian dollar. When commodity prices fall, they undercut revenues for resource-based firms, eroding profits, dampening the domestic economy and pushing down the Canadian dollar.

OBS

world commodity price: term usually used in the plural.

Key term(s)
  • world commodity prices

French

Domaine(s)
  • Prix (Commercialisation)
  • Commerce extérieur
  • Commerce intérieur
OBS

Comme le Canada est un producteur et exportateur net important de produits à base de matières premières, on dit souvent que le dollar canadien est une devise tributaire des produits de base : sa valeur est liée à la force du cours mondial de ces produits. Lorsque celui-ci est élevé, les industries primaires canadiennes réalisent de meilleurs bénéfices, ce qui renforce l'économie et, par conséquent, attire les investisseurs et fait monter le dollar. Lorsque le cours des produits de base tombe, les recettes du secteur primaire s'amenuisent, ses bénéfices diminuent, l'économie ralentit et le dollar canadien baisse.

OBS

cours mondial des produits de base; prix mondial des produits de base : termes habituellement utilisés au pluriel.

Key term(s)
  • cours mondiaux des produits de base
  • prix mondiaux des produits de base

Spanish

Save record 1

Record 2 2006-11-10

English

Subject field(s)
  • International Bodies and Committees
  • Stock Exchange
  • Investment
OBS

The New York Mercantile Exchange(NYMEX) is the world's largest physical commodity futures exchange located in New York City. Its two principal divisions are the New York Mercantile Exchange and the New York Commodities Exchange(COMEX) which were once independent companies but are now merged. The New York Mercantile Exchange, Inc. is currently a large private company. The New York Mercantile Exchange handles billions of dollars worth of energy products, metals, and other commodities being bought and sold on the trading floor and the overnight electronic trading computer system. The prices quoted for transactions on the exchange are the basis for prices that people pay for throughout the world. In 1933, the COMEX was established through the merger of four smaller exchanges : the National Metal Exchange, the Rubber Exchange of New York, the National Raw Silk Exchange, and the New York Hide Exchange. On august 3, 1994, the NYMEX and COMEX finally merged under the NYMEX. Now, the NYMEX operates in a state of the art trading facility and office building with two trading floors in the World Financial Center in downtown Manhattan.

French

Domaine(s)
  • Organismes et comités internationaux
  • Bourse
  • Investissements et placements

Spanish

Save record 2

Record 3 2001-09-05

English

Subject field(s)
  • Economic Doctrines, Systems and Policies
  • Laws of the Market (Economy)
OBS

[The] absorptive capacity of world commodity markets... has grown only slowly, so that increased sales have often been possible only at falling prices.

Key term(s)
  • absorption capacity

French

Domaine(s)
  • Doctrines, systèmes et politiques économiques
  • Lois du marché (Économie)
OBS

[La] capacité d'absorption des marchés mondiaux des produits [...] n'a augmenté que lentement, de sorte que l'accroissement des ventes n'a été rendu possible que par une chute des cours.

Spanish

Campo(s) temático(s)
  • Doctrinas, políticas y sistemas económicos
  • Leyes del mercado (Economía)
Save record 3

Record 4 1993-10-26

English

Subject field(s)
  • Phraseology
CONT

The slow growth in the world economy has inhibited recovery in Canada by reducing the demand for Canadian exports and depressing the prices of many of Canada's commodity exports.

French

Domaine(s)
  • Phraséologie
CONT

La faible croissance de l'économie mondiale a entravé la reprise au Canada en réduisant la demande de produits d'exportation canadiens et le prix d'un grand nombre d'entre eux.

Spanish

Save record 4

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