Northline Markets · Commodities

Bank of Canada commodity price index (total)

The Bank of Canada's index of the prices of Canada's main commodity exports, weighted by their importance, in US dollars (1972 = 100).

Latest value747.7index, 1972=100 (US$)
Observation date2026-09
Change, 1 year+23.5%from 605.5 on 2025-09
Change, 5 years+17.9%from 634.1 on 2021-09

Monthly average, delayed Observed 2026-09 · retrieved 2026-11-05 · Source: Bank of Canada · Not a live quote.

History

Bank of Canada commodity price index (total) over time

Monthly observations. Use the period buttons to change the range; the table beneath the chart lists the values.

Bank of Canada commodity price index (total)

index, 1972=100 (US$). Index, 1972 = 100, US dollars; monthly.

Chart loads when it comes into view.

Latest values: Bank of Canada commodity price index (total) 747.7 (2026-09).

Quotation convention. Index, 1972 = 100, US dollars; monthly.

What it measures

What this indicator is and why it is watched

What it measures

The Bank of Canada's index of the prices of Canada's main commodity exports, weighted by their importance, in US dollars (1972 = 100).

Why it is watched

It summarises how the prices of what Canada sells abroad are moving.

Economic context

How it connects to the wider economy

Context, not a claim of cause.

Energy dominates the index; see the energy and non-energy components.

Northline describes relationships as documented mechanisms, statistical associations or hypotheses. Nothing on this page states that a movement in this indicator caused a movement in another.

Method and source

How the data are produced

Publisher
Bank of Canada
Dataset
M.BCPI
Frequency
Monthly
Unit
index, 1972=100 (US$)
Observations
321 (long history)
Retrieved
2026-11-05
Series id
gl08_bcpi_total_m

Monthly, Bank of Canada Commodity Price Index.

Source: Bank of Canada, Monthly BCPI Total - v52673496 (M.BCPI). Content reused under the Bank of Canada terms (https://www.bankofcanada.ca/terms/); changes: values unchanged.

Licence conditions: see source terms: https://www.bankofcanada.ca/terms/; attribution required.

Missing observations are left missing and are never interpolated. Statistical agencies can revise published values; the observation date and retrieval date above identify the version shown. Methodology and sources.

Investigate

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In Studio, the Scenarios tab can ask a what-if question about this indicator. Scenario Intelligence applies its usual checks: when there is too little history, the series are not comparable or the relationship is not stable, it reports “not enough evidence” rather than a number.