Commodity boom may last decades -Bank of Canada

CALGARY, Alberta, March 26 (Reuters) – Bank of Canada
Governor Mark Carney said on Saturday it would be a mistake to
view the commodity price boom to be purely cyclical and that
the current environment could last for decades.

The rise in prices for commodities is partly due to supply
effects, Carney said during a panel discussion at the
Inter-American Development Bank’s annual meeting.

One challenge for Canada, a major producer of oil, gas,
grains and metals, is to rebalance trade and investment away
from its top buyer, the United States, he said.
(Reporting by Louise Egan, writing by Jeffrey Jones; editing by Peter
Galloway)

Commodity boom may last decades -Bank of Canada