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The S&P/TSX composite rose more than 300 points in late-morning trading, led by base metals and industrials. US indexes also gained, and December crude fell nearly US$7 to about US$97 per barrel.
Equity gains are a sentiment signal with little direct effect on feed commodities. The sharp crude decline reflects easing Iran-related supply fears, which lowers energy and freight costs.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.