Natural Gas Prices Down as Canada Heats Up

Canadians will be spending less heating their homes this winter, thanks to warmer temperatures across the country.

Overnight lows in Toronto are 11 degrees (Fahrenheit) higher than seasonal and Calgary may be 21 degrees Fahrenheit, or about 14 degrees higher (Celsius) than typical, Environment Canada said in an outlook.

Spot gas at AECO fell 2.5 cents, or 0.4 percent, to C$5.975 per gigajoule ($6.379 per million British thermal units) at 11:23 a.m. on Calgary-based Natural Gas Exchange Inc.'s NGX electronic energy market. It was the fourth day prices fell at the southern Alberta gas-trading center.