Commodity Prices and Trade Updates
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Monthly Data Tables – March 2017
The prices for each commodity in Canada track U.S. benchmark prices, with differences primarily related to the cost of transportation and regional supply and demand dynamics. Crude oil and propane prices are generally quoted in U.S. dollars, whereas natural gas and electricity prices are often quoted in Canadian dollars due to their higher proportion of domestic retail sales. Changes in the exchange rate affect revenue received for exports (or the cost of imports). The table below shows Canadian and U.S. benchmark prices, with recent month-to-month and year-over-year comparisons.
|Commodity Price Update|
|Exchange Rate||Canadian $ / U.S. $||1.34||1.31||1.32||1.32||1.38||1.33|
|Crude Oil Prices
|West Texas Intermediate||49.84||53.47||51.94||37.55||30.32||43.14|
|Western Canadian Select||36.28||39.14||37.86||23.46||16.30||29.48|
|Natural Gas Prices
|Station 2, Westcoast Spectra, BC||2.28||2.24||2.34||0.90||1.32||1.67|
(US cents per gallon)
|Alberta (AESO On-Peak)||22.41||23.82||24.19||15.44||18.58||19.70|
|Ontario (IESO On-Peak)||25.45||26.32||26.63||8.15||14.12||20.54|
|Ontario (IESO On-Peak + Global Adjustment)||94.35||112.72||105.83||114.25||112.62||118.05|
Sources and Notes
Sources: Exchange Rate: Bank of Canada; Crude Oil Prices: Alberta Department of Energy, Daily Oil Bulletin, EIA. Natural Gas Prices: NGX; Propane Prices: Butane-Propane News; Electricity Prices: IESO, AESO.
Note: Visit the NEB Energy Conversion Tables for unit conversions.
Canada is a net exporter of crude oil, natural gas, propane and electricity. The NEB regulates the exports of crude oil, refined petroleum products, natural gas, NGLs and electricity. The NEB also regulates natural gas imports and collects statistics for electricity imports. The table below shows these commodity exports and imports, with recent month-to-month and year-over-year comparisons.
|Trade Volumes Update|
|Jan.||Dec.||YTD avg.||Jan.||Dec.||2016 Avg.|
| Natural Gas
Sources and notes
Sources: National Energy Board, Commodity Tracking System data
Note: Refined petroleum products includes non-confidential categories only, such as motor gasoline, middle distillate, and heavy fuel oil.
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