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Global markets: US import prices drop

By Commodity News Service Canada

WINNIPEG, September 14 – The following is a glance at the news moving markets globally.

US IMPORT PRICES SEE FIRST DECLINE IN SIX MONTHS
During August, US import prices dropped for the first time in half a year, according to reports out of the country on Wednesday.

Import prices fell 0.2 per cent in August, the country’s labour department said. Lower food and petroleum prices were cited as two causes of the declines.

CANADIAN REFINERIES RECEIVE LESS CRUDE IN JUNE
Canadian refineries received 7.2 million cubic metres of crude oil in June, down 12.3 per cent from the same month in 2015. This was the third consecutive month of year-over-year decline, Statistics Canada said in a report on Wednesday.

In June, refinery receipts of domestic crude oil fell 17.2 per cent compared with June 2015 to 4.3 million cubic metres.

CANADA’S NET FOREIGN ASSET POSITION DECREASES
Canada’s net foreign asset position decreased by C$106.8 billion in the second quarter to C$149.0 billion. This was the second consecutive quarter of significant decline, Statistics Canada said.

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