Energy and mining stocks propelled Canada’s main stock index to a record high Monday on the strength of spiking commodity prices. The S&P/TSX composite index was up 72.04 points to 16,092.20 in a broad-based advance across several major sectors including base metals, gold and materials. It’s the first time the price of oil has cracked the $57 mark since June 30, 2015, when it closed at $59.47. The sharp rise comes amid upheaval in oil-rich Saudi Arabia where turmoil has investors wondering if oil supplies will be constricted, which would drive crude prices higher. Over the weekend, 11 princes and 38 senior officials and businessmen were arrested as part of a purported anti-corruption probe led by Crown Prince Mohammed bin Salman.

Source: thestar November 06, 2017 16:41 UTC