Respected economic research firm, BCA Research, suggests the top is in for food and energy prices in its latest freebie. A chart shows its proprietary Leading Economic Indicator for the developed world has been dropping for some time, but has now also turned down in emerging Asia. This will spell trouble for commodity prices.

BCA’s report is timely, especially in the context of Chinese and Indian stock market indices, which are down some 40% from their highs.

Why is that important? Stock markets often foreshadow economic performance.

Why is that important? Various estimates put China and India’s share of incremental demand for commodities at over 50%.

Why is that important? Canada’s economy has been resilient largely due to the commodity cycle. Any turn in that cycle is worth paying attention to.

If you still need to know why that’s important, then click here.