At a conference in London, Saudi Arabia's oil minister, Khalid Al-Falih, said non-OPEC nations are reportedly negotiating with the cartel about working with them to lower the supply and stabilize prices for all. It was enough to push oil prices up to their highest point since late summer 2015. Oil wasn't the only source of strength on the TSX, as Canada's biggest bank, the Royal Bank of Canada, set a new all-time high, at $83.93 per share. At that price, the bank is worth $124 billion, more than any other company in Canada. European shares also gained ground as the pan-European STOXX 600 index rose 0.3 per cent, following a 1.5 per cent rise on Tuesday.

Source: CBC News October 19, 2016 17:15 UTC