Time to get busy Wynney!

“We firmly believe that now is the time to work on the Ring of Fire,” Wynne stated.” So when commodity prices increase we will be able meet market demand.”

http://www.bloomberg.com/news/articles/2016-05-16/canada-stocks-rise-as-commodities-producers-climb-with-oil-gold

Canadian stocks rose, trading at a two-week high, as crude prices jumped to the highest in six months and metals from gold to copper rallied.

The benchmark S&P/TSX Composite Index rose 1.1 percent to 13,898.01 at 10:15 a.m. in Toronto, following a 0.3 percent gain last week. Volume today in the benchmark was about 7 percent lower than the 30-day average. The gauge now trades at 21.3 times earnings, about 12 percent higher than the 19 times valuation of the S&P 500, data compiled by Bloomberg show.

Suncor Energy Corp. and Goldcorp Inc. jumped more than 2.7 percent as energy and raw-materials producers climbed at least 2.1 percent to lead gains across 10 industries in the S&P/TSX.

The two industries account for about 32 percent of the broader benchmark by market capitalization and have led gains this year with advances of at least 12 percent. That’s helped the S&P/TSX post one of the best performances this year, behind only New Zealand out of 24 developed markets.

Crude futures rose in New York to top $47 a barrel. The market has shifted into a supply deficit earlier than expected following supply disruptions around the world, Goldman Sachs Group Inc. said in a report. The bank raised its price forecasts, while projecting a return to surplus early next year. Militant attacks and pipeline outages have cut volumes in Nigeria by at least 30 percent, while wildfires halted production in the Alberta oil sands last week.

Gold extended Friday’s gains, pushing its advance this year to 21 percent as investors sought a haven from equity turmoil and the Federal Reserve dialed back expectations for interest rate increases, making the metal more attractive as a store of value. First Quantum Minerals Ltd. and Teck Resources Ltd. rose at least 4.6 percent as iron ore climbed in China as daily steel output jumped to a record in April.

Valeant Pharmaceuticals International Inc. lost 3.3 percent for an eighth decline in nine sessions after the embattled drugmaker announced expanded hospital rebates for two heart drugs at the center of congressional investigations of price hikes. Last week, the New York Times reported major hospital systems in the U.S. weren’t receiving discounts on the drugs Valeant had promised. The stock is down more than 90 percent from an August peak.

Penn West Petroleum Ltd. plunged 8.6 percent, sliding to a three-month low, after the oil producer said it was working with lenders to amend its borrowing limits by the end of the second quarter and is a “going concern” risk if it can’t reach an agreement. Penn West will continue asset sales and look for other sources of capital from investors. The company had C$1.86 billion in long-term debt at the end of the first quarter.