Barrick Gold (ABX.TO), Potash (POT.TO) Push TSX Up

Toronto Stock Exchange Up on Rising Commodity Prices

Rising commodity prices drove up the Toronto Stock Exchange today to its highest level since September 2008, led by majors like Barrick Gold (ABX.TO) and Potash (POT.TO).

This is the third straight day the index has finished the session above 12,000.

Gold mining giant Barrick Gold (ABX.TO) closed the day at $40.64, while Potash (POT.TO) endd the session at $128.75. Potash was moved by reports their inventory may have dropped.

Barrick Gold and other similar companies were moved partly by the anticipation of interest rates in the U.S. remaining the same, and the Federal Reserve confirmed this after their meeting, possibly signaling another upward move of gold as everything is lining up to favor the inflation hedge and safety currency for investors.

Toronto Stock Exchange Up on Rising Commodity Prices