Bank of Canada Commodity Price Index Excluding Energy

## What this measures

The Bank of Canada Commodity Price Index without oil, natural gas and coal: metals and minerals, forestry, agriculture, fish and livestock.

## Why it matters

It shows commodity income outside energy, which matters for British Columbia, Quebec, Ontario mining and the Prairies.

## How to read it

Compare with the total index (canada.boc.bcpi) to see whether a move is about oil or broad.

## What it does not say

It measures prices, not volumes.

## Source

Bank of Canada, Valet API, series M.BCNE ("Monthly BCPI Excluding Energy"). Palanor pulls it from the Bank's Valet service every weekday. Source: Bank of Canada. Content obtained from the Bank of Canada website; changes are noted where Palanor computes from it.