21.10.2008 - Commodities boost North American markets
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