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NOSE-DIVE [1 record]

Record 1 2011-09-26


Subject field(s)
  • General Vocabulary
  • Market Prices
  • Finance

Commodity prices continued to drift lower in February, although much less rapidly than their 50% nose-dive in the second half of 2008. Most of the weakness was concentrated in natural gas, where weak industrial demand sent prices to $4 per mbtu. Crude oil prices rose above $40 (US) a barrel. Prices for food and metals were little changed.


The steep slide of the Canadian dollar from as high as 91 cents US to the 63 cent range was also a factor – it helped boost Canadian exports to the US – but import growth was almost as vigorous so this exchange rate factor was not a major one.


  • Vocabulaire général
  • Prix (Commercialisation)
  • Finances

La dégringolade du dollar canadien, passé de 0,91 dollar américain à environ 0,63 dollar, a également constitué un facteur – elle a contribué à stimuler les exportations canadiennes aux États-Unis – la croissance des importations a été presque aussi vigoureuse de sorte que le taux de change n’a pas constitué un facteur crucial.


En ce qui concerne les entreprises américaines, la croissance de leur PIB [produit intérieur brut] a continué de ralentir au troisième trimestre, en raison principalement de la dégringolade de l'investissement immobilier des ménages (-4,2 %).


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