Commodity Prices and Trade Updates
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Monthly Data Tables – December 2019
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|
|December||November||2019 Avg.||December||November||2018 Avg.|
|Exchange Rate||Canadian $ / U.S. $||1.32||1.32||1.33||1.34||1.32||1.30|
|Crude Oil Prices
|West Texas Intermediate||59.82||56.97||56.98||49.52||57.91||65.08|
|Western Canadian Select||38.36||37.13||42.45||5.97||11.03||38.46|
|Natural Gas Prices
|Station 2, Westcoast Spectra, BC||2.01||1.94||0.88||1.31||0.34||1.22|
(US cents per gallon)
|Alberta (AESO On-Peak)||48.39||64.36||64.60||46.10||65.87||59.06|
|Ontario (IESO On-Peak)||25.55||26.48||21.61||34.85||34.07||28.41|
|Ontario (IESO On-Peak + Global Adjustment)||118.76||126.01||130.84||105.52||132.62||119.93|
Sources and Notes
Sources: Exchange Rate: Bank of Canada; Crude Oil Prices: Alberta Department of Energy, Daily Oil Bulletin, EIA. Natural Gas Prices: NGX, Platts Gas Daily; Propane Prices: Butane-Propane News; Electricity Prices: IESO, AESO.
Note: Visit the CER Energy Conversion Tables for unit conversions. E = Estimate
Canada is a net exporter of crude oil, natural gas, propane and electricity. The CER regulates the exports of crude oil, refined petroleum products, natural gas, NGLs and electricity. The CER 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|
| Natural Gas
Sources and notes
Sources:Canada Energy Regulator, Commodity Tracking System data
Note: Refined petroleum products includes non-confidential categories only, such as motor gasoline, middle distillate, and heavy fuel oil. Recent and historical trade statistics are available from the Commodity Tracking System (crude oil, natural gas, and electricity) and the volume and price queries (natural gas liquids).
Visit the CER Energy Conversion Tables for unit conversions.
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