Toronto stock market heads upwards as commodity prices strengthen

TORONTO -- The Toronto stock market gained traction shortly after the open as commodity prices moved higher.

The S&P/TSX composite index was ahead 49.05 points to 12,458.30. The TSX Venture Exchange rose 10.68 points to 1,345.57.

November crude on the New York Mercantile Exchange moved up 86 cents to US$93.28 a barrel.

The December bullion increased $15.50 to US$1,785.70 an ounce. December copper was up 3.3 cents to US$3.79 a pound.

On Wall Street, the Dow Jones industrials gained 42.78 points to 13,639.71. The Nasdaq composite index trekked ahead 18.90 points to 3,194.86 and the S&P 500 index was 6.3 points higher to 1,466.56.

The Canadian dollar increased 0.23 of a cent to 102.64 cents US.