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I have been curious about commodities, products and labour for some time. Here is what I have observed. Basically, I'm comparing the inventory for sale in the market place and the average price between two dates, Sep 21 and Sep 13. I do not adjust for FX. I have logged the tax info this time so I will be able to compare on a net of tax basis next time.

Commodities

Diamonds inventories have returned (2,109 to 0) given the liberation a few days ago of NWT.

Grain inventories are down (2,600 v 3,851) and price is flat ($0.54 v $0.53). The drop in inventory is somewhat significant at 32.5% however I surmise that this is a right-sizing of the grain industry given that prices are flat. People who can't make money at this price point have likely failed and ceased to operate over the last week.

Iron inventories are flat (2,269 v 2,317) and price is slightly up at ($1.42 v $1.35). The war has forced eCanadian to be more self-reliant and practical in how they arm themselves.

Oil inventory is up (6,101 v 5,381) and the price continues to fall ($0.47 v $0.66). This week's oil quantity is the highest inventory level noted across all commodities since I began this study. I don't see the business need for that much oil and I think this is going to result in some bankrupcies. The drop in price two reports in a row also suggests an oversupply.

Wood inventories are flat (5,627 v 5,73😎 and price is down slightly ($0.57 v $0.62) in this very competitive industry. With a lot of high-wood regions, this is a very competitive industry, I hope there are a lot of licenses to export.

All commodities operate under an identical labour to output ratio so their prices should be similar, all other things being equal. The base price would appear to be about $0.60 with iron an exception given that there is no high-iron region in Canada.

Products

Food inventory is flat (3,963 v 3,959) and price is down ($2.17 v $2.6😎. I attribute the drop in price to competition.

Gift inventory is down slightly (600 v 750) and price is also down ($5.72 v $6.71). The liberation of NWT has driven down the price and I surmise that the lower prices have resulted a run on sales and draw on inventory.

House inventory is down (9 v 12) and price is up slightly ($399.40 v $384.53). Until the war is dies down or prices become even MORE affordable, I don't see house volume climbing in the near future. I would like to see some government programs to subsidize the purchase of homes.

MT inventory is down (295 v 750) and price is up ($12.40 v $6.71). With a smaller supply of tickets and can understand a price increase. I've observed this business segment to be the most volatile to date.

Weapon inventories are up (1,628 v 1,003) and the cost is up slightly ($15.11 v $14.73). The constant state of war will keep prices up and demand high for guns.

Labour

The building trade has 35 postings at an average rate of $8.16 versus 25/$9.80 on Sep 13. I surmise that this is due to a variety of hospital and defence projects afoot, the drop in wage is likely a reflection of key positions being fills since the last period.

The gathering trade has 114 postings at an average rate of $8.04 versus 67/$7.57 in on Sep 13. This is a sharp increase on both fronts. My hypothesis is that companies are trying to attract the best skilled workers for the competitive grain and wood industries which are seeing a lot of competition in the marketplace.

The producing trade has 126 postings at an average rate of $8.51 versus 102/$7.74 on Sep 13. The growth in job offers is smallest in this trade however the wage increase is the highest.

In all, there were 81 more job offers this period and at a $0.19 premium over last period.

I have logged the quality info and will be able to contrast it against periods in my next issue along with taxes.

I do not anticipate ever factoring in FX (gold) as this would involve too much effort.

Who's your daddy? Addy's your daddy!!!