The record rise in energy prices seems to be behind this rise along with increases in prices of commodities such as potash. This morning the indices were drifting down again. I would not be surprised if we are due for a correctin in oil prices that will see the TSX drift lower again.
Reuters Canada Business Summary
12/05/08
Stocks hit record high as EnCana and RIM gain
TORONTO (Reuters) - The Toronto Stock Exchange's main index sprung to a record high on Monday, buoyed by EnCana's plan to split itself in two and the release of a new BlackBerry smartphone by Research In Motion . EnCana, Canada's biggest energy company, jumped C$5.68, or 6.6 percent, to C$92.20 after it said on the weekend it will split into a natural gas company and integrated oil sands producer.
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