..this writer suggests that it isnt the US thats boosted the demand for commodities to date... also that the TSX was heavily sold off because of Bear stearns although its heavily laden commodities, especially oil stocks.  This may be another reason why commodity sentiment has been low recently, but now Canadian resource stocks are now a better buy than the US equivalent.

    But he said "one of the challenges for people to realize is that the nature of demand has changed. What's been happening this whole cycle is that it is not the U.S. economy that's been driving those commodity markets.

"In fact, the U.S. contribution to demand growth over the past three years, when it wasn't in recession, has been nil to negative in aluminum, copper, zinc and oil."

http://www.canada.com/vancouversun/news/business/story.html?id=784aadec-b778-4ee2-b439-9ed065fd6899