North American stocks rose at the start of trading on Monday, as concerns about the global economy appeared to ease.
The Dow Jones industrial average rose 60 points or 0.6 per cent, to 10,271. The broader S&P 500 rose 7 points or 0.7 per cent. In Canada, the S&P/TSX composite index rose 76 points or 0.7 per cent, to 11,743.
Most commodity producers and stocks associated with commodities were strong after the price of crude oil rose above $75 (U.S.) a barrel, up $1.75. Among Canadian oil producers, Suncor Energy Inc. rose 1.4 per cent and Canadian Natural Resources Ltd. rose 1.4 per cent.
Among U.S. commodities stocks, Caterpillar Inc. rose 1.9 per cent and Alcoa Inc. rose 1.2 per cent.
Gold producers were weaker though, reflecting fewer economic and currency concerns. Goldcorp Inc. fell 1.6 per cent and Barrick Gold Corp. fell 1.4 per cent.
