The Daily Chase: OPEC+ head warns the world is on 'thin ice'; Investors await U.S. Fed minutes

​The head of the Organization of Petroleum Exporting Countries today said the cartel and its allies are “willing to do whatever it takes to do what the market really requires.”

MARKET WATCH

Despite the nose-diving price of oil, the S&P/TSX Composite Index has closed higher in all but four sessions over the last month, and has rallied 10.6 per cent since its recent low on July 14. Through the close of trading yesterday, Toronto-Dominion Bank has provided the most fuel for the index’s rally, as the stock’s 13 per cent surge has single-handedly added 129 points to the TSX. Good opportunity here to point out that the banks will take the spotlight next week as their earnings season gets underway.

WAITING ON THE FED