Why do commodity prices matter to Canadian investors?

Energy and materials make up a large share of the S&P/TSX Composite, so commodity prices move a meaningful part of the Canadian market — and the Canadian dollar with it.

What is the difference between spot and futures prices?

A spot price is what the physical commodity trades for today. A futures price is an agreement to buy or sell at a set date later, so it also reflects storage, financing and expectations.

Why is Canadian crude priced below WTI?

Western Canadian Select is heavier and further from refineries, so it trades at a discount to West Texas Intermediate. That differential widens when pipeline capacity is tight.

Commodities

Gold, silver, copper, crude oil and natural gas benchmarks that drive the Canadian resource sector, with interactive delayed charts and plain-language context.

Commodity

Gold

Delayed · 09:57 ET

3,956.50 USD/oz

−13.1(−0.33%)

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Gold futures, quoted in United States dollars per troy ounce. The single most important input to Canadian materials-sector earnings.

Full Gold page

−13.1(−0.33%)

09:57 ETDetails

−0.8(−1.58%)

09:57 ETDetails

−18.5(−1.27%)

09:57 ETDetails

−27.6(−2.86%)

09:57 ETDetails

−0.12(−1.80%)

09:57 ETDetails

−0.59(−0.61%)

09:57 ETDetails

−1.32(−1.26%)

09:57 ETDetails

+0.02(+0.70%)

09:57 ETDetails

+0.43(+1.31%)

10:07 ETDetails

−8.75(−1.44%)

09:57 ETDetails

−5.5(−1.23%)

09:57 ETDetails

+5.25(+0.44%)

09:57 ETDetails

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Commodities, explained

Why do commodity prices matter to Canadian investors?: Energy and materials make up a large share of the S&P/TSX Composite, so commodity prices move a meaningful part of the Canadian market — and the Canadian dollar with it.
What is the difference between spot and futures prices?: A spot price is what the physical commodity trades for today. A futures price is an agreement to buy or sell at a set date later, so it also reflects storage, financing and expectations.
Why is Canadian crude priced below WTI?: Western Canadian Select is heavier and further from refineries, so it trades at a discount to West Texas Intermediate. That differential widens when pipeline capacity is tight.

Source: Delayed public market feed · as of 10:07 ET. Quotes are delayed, never real time.