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Commodities boost North American markets

Posted on 21 October 2008

From Ottawabusinessjournal.com: As commodity prices increased strongly Monday, North American stock markets recorded robust gains, with the the S&P/TSX index closing up by 688.91 points, to 10,521.40.

Oil prices rose by more than US$2 ahead of an anticipated production cut by the Organization of Petroleum Exporting Countries (OPEC) this week, closing at $74.25 per barrel on the New York Mercantile Exchange, while gold gained US$2.50 to close at $787.60 per ounce. The Dow Jones industrial average, meanwhile, added 413.21 points to close at 9,265.43, and the Nasdaq was up 3.43 per cent to 1,770.03….. Full Article: Source


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