Nov. 9, 2009 (Baystreet.ca) --

Bay Street stocks saw some early strength on Monday with commodities moving notably higher. U.S. stocks are also pointing higher after world financial leaders agreed to stick with current stimulus plans at the latest G20 meeting over the weekend. The S&P/TSX composite index jumped out of the starting blocks, gaining 162.63 points, or 1.4% to 11.250.42. Gold continued to extend its record highs, copper added 3.65 cents to $2.989 U.S. per pound and crude oil added strength. On the corporate front, Ensign Energy Services reported its third-quarter net income plummeted to $16.90 million or $0.11 per share from $72.07 million or $0.47 per share in the previous year. In the second quarter, the company's net income was $13.21 million or $0.09 per share. Quadra Mining reported third quarter earnings of $14.7 million U.S. or $0.15 U.S. per share, compared to $20.77 million U.S. or $0.31 U.S. per share last year. Angiotech Pharmaceuticals reported third-quarter net loss of $7.8 million U.S. or $0.09 U.S. per share, compared to a net loss of $622.38 million U.S. or $7.31 U.S. per share last year. CGI Group reported that its fourth-quarter net earnings from continuing operations were $82.55 million or $0.27 per share, compared to $75.26 million or $0.24 per share in the same quarter last year. AutoCanada Income Fund reported its third-quarter net earnings of $5.10 million or $0.256 per share, compared to restated net loss of $38.32 million or $1.892 per share in the same period last year. The Canadian dollar strengthened 1.55 cents to 94.55 cents U.S. ON BAYSTREET All 14 TSX subgroups moved higher in the early going. Metals and mining leaped 2.8%, followed by global base metals and gold stocks, ahead 2.2% each. The TSX Venture Exchange moved up 12.93 points to 1,353.55, while the Nasdaq Canada index was 9.77 points in the black to 649.02. ON WALLSTREET In New York, stocks, fresh off a solid week of gains, started strong Monday amid talk about some major deals in the works. The Dow Jones Industrials were higher by 79.88 points in the first half-hour of trading to 10,103.30. The S&P 500 index strengthened 9.84 points to 1,079.14, while the Nasdaq composite index was up 23.27 points to 2,135.71. U.S. stocks bounced back last week, with the Dow reclaiming the 10,000 mark. But trading could be choppy this week with little economic news on tap. On Monday, with no significant economic indicators being reported, investors are focused on corporate events, particularly talk about deals -- possible and completed. Kraft launched a $16.3-billion-U.S. hostile takeover bid Monday for British candymaker Cadbury after the deadline for the initial bid passed without a deal. Cadbury, which rejected Kraft's initial $16.7-billion-U.S. offer in early September, again turned down the U.S. food company. Comcast and GE have reportedly agreed on the worth of NBC Universal. The agreement is a major hurdle cleared for Comcast as it aims to gain control of NBC Universal. Northrop Grumman has sold its consulting arm to two private equity firms. The $1.65-billion-U.S. deal was announced Sunday. Treasury prices nipped higher, lowering the yields for the benchmark 10-year note to 3.49% from Friday's 3.50%. Prices and yields move in opposite directions. The price of a barrel of oil jumped $1.72 to $79.18 U.S. Gold prices propelled themselves higher by $12 to $1,108 U.S. an ounce.