The ex-energy commodity price index for Canada tracks non-energy commodity prices—typically metals and agricultural products. It separates structural commodity demand from energy price volatility.
Why FX traders watch it
For metal and agricultural exporters, the ex-energy index is a better proxy for export revenues. It also signals global industrial demand trends independent of oil price cycles.
How to interpret the data
Rising ex-energy commodity prices are positive for agricultural and metals exporters, boosting their terms of trade. Falling prices signal weak global manufacturing demand and can weigh on commodity-linked currencies.
Historical Komoditas Non-Energi (CAD)
Source: Bank of Canada/StatCan
· Weekly
· USD Index