Materials Stocks: Crude Prices and P Tsx

materials stocks: The Toronto Stock Exchange S&P/TSX composite index climbed 175.84 points, or 1.18 per cent, to 15,039.87, with energy, metals and materials stocks racking up the most gains, according to The Toronto Star. Most of the lift was provided by crude prices as the January crude contract jumped 1.88 at US 48.24 per barrel. Frank Gunn / THE CANADIAN PRESS By Linda Nguyen The Canadian Press Mon., Nov. 21, 2016 Canada biggest stock market closed above the 15,000-mark for the first time in more than five months on Monday, as oil prices rallied amid hopes that OPEC will strike an output deal. The gain helped the Canadian dollar advance more than half a cent, with the loonie ahead 0.55 of a U.S. cent to 74.55 cents US. The 14-members of the Organization of the Petroleum Exporting Countries are set to meet in Vienna on Nov. 30 to agree to details for a deal that will reduce global oil production, and hopefully, drive up prices. In the months since then, speculation over whether the deal will become official have injected volatility into stock markets. The cartel had settled on preliminary terms at a gathering at the end of September. (news.financializer.com). As reported in the news.