weekly_comm

					                                      Weekly Commodity Price Report                                          TD Economics
                                                                                                                www.td.com/economics

                                                    November 30, 2009


                                                             HIGHLIGHTS

  •	 The	TDCI	in	U.S.	dollars	edged	up	0.5%	last	week,	led	             •	 Gold	 prices	 continued	 to	 set	 new	 records	 last	 week,	
     by	strong	gains	in	the	precious	metals	sector.		A	sharp	              rising	to	over	US$1,180.		The	rally	was	largely	due	to	
     7.8%	jump	in	natural	gas	prices	also	helped	to	buoy	                  a	further	slump	in	the	U.S.	dollar	and	news	that	India’s	
     the	overall	index.		Although	up	about	2%	from	year-ago	               central	bank	may	purchase	more	bullion.		In	real	terms,	
     levels,	 the	 overall	 index	 is	 more	 than	 6%	 below	 the	         gold	prices	are	still	about	half	the	record	seen	in	the	
     recent	peak	that	was	reached	in	mid-October.	                         early	1980s.
  •	 A	downward	revision	to	U.S.	third	quarter	GDP,	from	               •	 Constrained	production	and	tight	supplies	drove	lumber	
     3.5%	to	2.8%,	took	its	toll	on	the	crude	oil	market,	as	              prices	up	3%	last	week	to	the	highest	level	since	Oc-
     prices	 slid	 to	 a	 6-week	 low	 of	 US$74	 per	 barrel	 on	         tober	2008.		With	prices	firming,	dealers	and	distribu-
     Tuesday.		Some	of	those	losses	were	recovered	after	                  tors	are	aiming	to	rebuild	inventories	enough	to	cover	
     the	EIA	reported	a	smaller-than-expected	build	in	U.S.	               demand	 through	 the	 rest	 of	 the	 year,	 since	 holiday	
     inventories,	and	prices	ended	the	week	at	US$76	per	                  shutdowns	will	likely	limit	supply.		
     barrel.                                                            •	 Hog	prices	shot	up	by	over	5%	last	week	to	the	highest	
  •	 In	contrast,	natural	gas	prices	bounced	back	last	week	               level	in	4	months.		The	surge	stemmed	from	a	USDA	
     on	forecasts	early	in	the	week	for	below-normal	tem-                  report	showing	a	drop	in	pork	stockpiles	–	the	first	year-
     peratures	in	key	consuming	regions.		However,	some	                   over-year	drop	since	April	–	signaling	that	demand	may	
     of	these	gains	were	lost	after	the	EIA	reported	another	              be	increasing.	
     build	in	inventories,	marking	the	first	injection	this	late	
     in	November	since	2001.		                                                                           Dina Cover 416-982-2555




                               SUMMARY FOR WEEK ENDING FRIDAY, NOV 27th
                                  LATEST WK       PRIOR WK % CHG. 1-WK % CHG. 4-WKS % CHG. 52-WKS                 52-WK HIGH 52-WK-LOW
 TDCI US$ Index (1997=100)             205.4          203.3           0.5       -4.1           2.1                     220.0      154.0
                                                            US$ Sub-Indices
 Forest Products                         89.4          88.5           0.9        4.4         -10.6                       99.1           76.1
 Energy                                 248.7         248.0           0.3       -7.5          -4.5                      279.6          177.3
 Non-Prec. Metals & Minerals            206.6         206.7          -0.1       -3.2          33.9                      214.6          130.3
 Precious Metals                        357.2         347.4           2.8       12.6          47.0                      357.2          228.2
 Agricultural Products                  133.8         134.4          -0.4        2.8          -2.7                      148.4          124.3
                                                    Biggest Movers this Week (per cent)
 ↑ Natural Gas                           3.61           3.35            7.8          -17.4              -45.8             6.4            2.2
 ↑ Hogs                                 58.83          55.72            5.6              6.7              1.5            70.6           45.1
 ↑ Gold                               1172.35        1137.85            3.0           12.7               43.5          1172.4          769.3
 ↑ Lumber                              248.00         241.00            2.9              5.1              9.7           248.0          191.0
 ↓ Coal                                 81.03          82.25           -1.5           10.3                3.6            88.2           60.3
 ↓ Wheat                               292.37         298.71           -2.1              5.6             -9.0           347.3          255.9
 ↓ Uranium                              43.00          44.00           -2.3          -13.1              -21.8            55.0           40.0
 ↓ Crude Oil                            76.25          78.36           -2.7             -2.9             45.2            80.4           32.4


This	report is	provided	by	TD	Economics for	customers	of	TD	Bank	Financial	Group.	It	is	for	information	purposes	only	and	may	not	be	
appropriate	for	other	purposes.	The	report	does	not	provide	material	information	about	the	business	and	affairs	of	TD	Bank	Financial	
Group	and	the	members	of	TD	Economics	are	not	spokespersons	for	TD	Bank	Financial	Group	with	respect	to	its	business	and	affairs.	The	
information	contained	in	this	report	has	been	drawn	from	sources	believed	to	be	reliable,	but	is	not	guaranteed	to	be	accurate	or	complete.	
The	report	contains	economic	analysis	and	views,	including	about	future	economic	and	financial	markets	performance.	These	are	based	
on	certain	assumptions	and	other	factors,	and	are	subject	to	inherent	risks	and	uncertainties.	The	actual	outcome	may	be	materially	differ-
ent.	The	Toronto-Dominion	Bank	and	its	affiliates	and	related	entities	that	comprise	TD	Bank	Financial	Group	are	not	liable	for	any	errors	
or	omissions	in	the	information,	analysis	or	views	contained	in	this	report,	or	for	any	loss	or	damage	suffered.
                                                                     Weekly Commodity Price Report                                   TD	Economics
                                                                                     November 30, 2009                                                                           2
                                                                                                                                     www.td.com/economics



              TD COMMODITY PRICE INDEX (TDCI)                                                                               TDCI - ENERGY
        Index,	1997=100                                                                              Index,	1997=100
240                                                                                           300

220                                                                                           280
                                                                                              260
200
                                                                                              240
                   Overall TDCI
180
                                                                                              220
160                                                                                           200
                                                                                              180
140
                                                                                              160
120
                                                                                              140
                          TDCI Ex. Energy
100
                                                                                              120
 80                                                                                           100
  Dec-08              Feb-09           May-09            Aug-09            Nov-09               Dec-08             Feb-09           May-09            Aug-09            Nov-09

       Last	week	plotted:	Nov	27,	2009.	Source:	TD	Economics.                                    Last	week	plotted:	Nov	27,	2009.	Source:	GlobalCoal,	WSJ	/	Haver	Analytics.




       TDCI- NON-PRECIOUS METALS & MINERALS                                                                         TDCI - PRECIOUS METALS
             Index,	1997=100                                                                          Index,	1997=100
240                                                                                            400

220                                                                                            350

200
                                                                                               300
180
                                                                                               250
160
                                                                                               200
140

120                                                                                            150


100                                                                                            100
  Dec-08             Feb-09            May-09            Aug-09            Nov-09                Dec-08            Feb-09            May-09            Aug-09           Nov-09

      Last	week	plotted:	Nov	27,	2009.	Source:	FT	/	Haver	Analytics,	Ux	Weekly.                      Last	week	plotted:	Nov	27,	2009.	Source:	WSJ	/	Haver	Analytics.




                      TDCI - FOREST PRODUCTS                                                                TDCI - AGRICULTURAL PRODUCTS
        Index,	1997=100                                                                              Index,	1997=100
110                                                                                            180

105                                                                                            170

100                                                                                            160

 95                                                                                            150

 90                                                                                            140

 85                                                                                            130

 80                                                                                            120

 75                                                                                            110

 70                                                                                            100
  Dec-08              Feb-09            May-09            Aug-09            Nov-09               Dec-08            Feb-09            May-09           Aug-09            Nov-09
  Last	week	plotted:	Nov	27,	2009.	Source:	Random	Lengths,	Pulp	&	Paper	Weekly.                      Last	week	plotted:	Nov	27,	2009.	Source:	WCE,	WSJ	/	Haver	Analytics.
                                                  Weekly Commodity Price Report                                 TD	Economics
                                                                November 30, 2009                                                                     3
                                                                                                                www.td.com/economics



                                  TD COMMODITY PRICE INDICES (TDCI)
                                        US$ SUB-INDICES                                                   C$ SUB-INDICES
                        TDCI-                                       TDCI-
                         US$                    NON-                 C$                     NON-
                 TDCI- INDEX FOREST       PREC- PREC   AGRI. TDCI- INDEX FOREST       PREC- PREC   AGRI.
                  US$    ex-  PROD-       IOUS METALS PROD-   C$     ex-  PROD-       IOUS METALS PROD-
  1997=100      INDEX energy UCTS ENERGY METALS & MIN. UCTS INDEX energy UCTS ENERGY METALS & MIN. UCTS C$/ US$
ANNUAL AVG
        2003    140.8    92.9    83.8   184.4   108.6    98.2     99.2    197.6
                                                                         		       		
                                                                                   130.4      117.6
                                                                                           				        					258.7       152.4
                                                                                                                    					       					
                                                                                                                                    137.7     139.2
                                                                                                                                            			           1.40
        2004    168.6   114.2   100.4   218.0   125.1   135.1    105.2    219.3
                                                                         		       		
                                                                                   148.5      130.6
                                                                                           				        					283.6       162.8
                                                                                                                    					       					
                                                                                                                                    175.8     136.8
                                                                                                                                            			           1.30
        2005    222.9   123.2   102.1   313.4   136.2   158.3    105.6    270.0
                                                                         		       		
                                                                                   149.3      123.6
                                                                                           				        					379.6       164.9
                                                                                                                    					       					
                                                                                                                                    191.8     127.9
                                                                                                                                            			           1.21
        2006    227.3   158.9   101.8   289.4   188.4   255.6    110.6    257.7
                                                                         		       		
                                                                                   180.2      115.5
                                                                                           				        					328.2       213.7
                                                                                                                    					       					
                                                                                                                                    289.9     125.5
                                                                                                                                            			           1.13
        2007    252.1   189.9    98.0   308.6   217.3   337.8    141.2    270.0    204.2      105.3         329.7       232.4       364.1     150.4       1.07
        2008    301.3   176.3   102.1   414.9   268.4   250.9    183.6    316.1    185.7      108.7         434.5       284.0       262.4     193.1       1.06
    YTD	2009    180.2   138.7    84.3   218.0   289.3   172.2    135.4    206.2    158.8        97.1        249.2       331.4       196.0     156.0       1.15

WEEKLY AVG
   05-Jun-09    187.9   136.8    76.1   234.3   297.1   169.1    148.2    206.0
                                                                         		       		
                                                                                   150.0        83.5
                                                                                           						      					256.8       325.7
                                                                                                                    					       					
                                                                                                                                    185.4     162.5
                                                                                                                                            			       1.10
   12-Jun-09    189.3   138.6    77.2   235.4   288.8   178.1    144.1    210.2
                                                                         		       		
                                                                                   153.9        85.7
                                                                                           						      					261.3       320.7
                                                                                                                    					       					
                                                                                                                                    197.8     160.0
                                                                                                                                            			       1.11
   19-Jun-09    193.8   138.3    78.5   244.1   283.3   177.6    142.8    219.3
                                                                         		       		
                                                                                   156.6        88.9
                                                                                           						      					276.3       320.6
                                                                                                                    					       					
                                                                                                                                    201.0     161.6
                                                                                                                                            			       1.13
   26-Jun-09    190.1   138.9    80.1   236.6   281.5   178.7    140.8    219.3
                                                                         		       		
                                                                                   160.2        92.4
                                                                                           						      					272.9       324.7
                                                                                                                    					       					
                                                                                                                                    206.1     162.4
                                                                                                                                            			       1.15
    03-Jul-09   188.9   138.6    78.6   234.6   282.0   181.3    137.6    218.6
                                                                         		       		
                                                                                   160.4        91.0
                                                                                           						      					271.5       326.5
                                                                                                                    					       					
                                                                                                                                    209.9     159.3
                                                                                                                                            			       1.16
    10-Jul-09   174.3   136.3    79.8   208.8   276.0   175.9    133.8    202.7
                                                                         		       		
                                                                                   158.6        92.9
                                                                                           						      					242.9       321.0
                                                                                                                    					       					
                                                                                                                                    204.7     155.6
                                                                                                                                            			       1.16
    17-Jul-09   174.9   137.7    80.1   208.8   279.1   178.4    134.9    197.5
                                                                         		       		
                                                                                   155.4        90.5
                                                                                           						      					235.7       315.0
                                                                                                                    					       					
                                                                                                                                    201.4     152.3
                                                                                                                                            			       1.13
    24-Jul-09   183.0   140.7    79.9   221.4   286.3   186.3    134.7    200.7
                                                                         		       		
                                                                                   154.3        87.6
                                                                                           						      					242.8       313.9
                                                                                                                    					       					
                                                                                                                                    204.3     147.7
                                                                                                                                            			       1.10
    31-Jul-09   184.8   141.6    79.4   224.0   283.5   192.0    132.4    200.3
                                                                         		       		
                                                                                   153.5        86.0
                                                                                           						      					242.8       307.3
                                                                                                                    					       					
                                                                                                                                    208.2     143.6
                                                                                                                                            			       1.08
  07-Aug-09     194.8   147.4    78.9   237.8   291.0   209.1    132.8    209.0
                                                                         		       		
                                                                                   158.2        84.6
                                                                                           						      					255.2       312.3
                                                                                                                    					       					
                                                                                                                                    224.4     142.5
                                                                                                                                            			       1.07
  14-Aug-09     190.8   148.6    79.9   229.2   287.8   214.6    128.6    208.2
                                                                         		       		
                                                                                   162.1        87.1
                                                                                           						      					250.0       313.9
                                                                                                                    					       					
                                                                                                                                    234.0     140.2
                                                                                                                                            			       1.09
  21-Aug-09     186.7   145.9    80.4   223.7   284.4   208.1    124.8    204.6
                                                                         		       		
                                                                                   159.9        88.1
                                                                                           						      					245.1       311.6
                                                                                                                    					       					
                                                                                                                                    228.0     136.7
                                                                                                                                            			       1.10
  28-Aug-09     185.6   146.8    80.7   220.8   287.3   208.8    126.2    201.7
                                                                         		       		
                                                                                   159.6        87.8
                                                                                           						      					240.0       312.3
                                                                                                                    					       					
                                                                                                                                    227.0     137.2
                                                                                                                                            			       1.09
  04-Sep-09     174.5   145.2    81.3   201.1   295.0   201.3    124.5    191.9
                                                                         		       		
                                                                                   159.6        89.4
                                                                                           						      					221.2       324.4
                                                                                                                    					       					
                                                                                                                                    221.4     136.9
                                                                                                                                            			       1.10
  11-Sep-09     183.8   147.0    82.6   217.2   305.8   201.7    125.0    198.2
                                                                         		       		
                                                                                   158.5        89.0
                                                                                           						      					234.3       329.8
                                                                                                                    					       					
                                                                                                                                    217.5     134.8
                                                                                                                                            			       1.08
  18-Sep-09     189.6   146.5    82.7   228.9   309.4   198.0    126.5    203.4
                                                                         		       		
                                                                                   157.1        88.7
                                                                                           						      					245.4       331.8
                                                                                                                    					       					
                                                                                                                                    212.3     135.6
                                                                                                                                            			       1.07
  25-Sep-09     188.6   145.3    82.7   227.9   307.6   195.7    124.9    203.5
                                                                         		       		
                                                                                   156.8        89.2
                                                                                           						      					246.0       331.9
                                                                                                                    					       					
                                                                                                                                    211.3     134.8
                                                                                                                                            			       1.08
   02-Oct-09    185.3   144.9    84.1   222.0   304.7   193.6    124.3    200.4
                                                                         		       		
                                                                                   156.7        90.9
                                                                                           						      					240.1       329.5
                                                                                                                    					       					
                                                                                                                                    209.3     134.4
                                                                                                                                            			       1.08
   09-Oct-09    194.5   148.2    84.8   236.5   317.5   199.3    124.4    205.8
                                                                         		       		
                                                                                   156.8        89.7
                                                                                           						      					250.2       336.0
                                                                                                                    					       					
                                                                                                                                    210.9     131.6
                                                                                                                                            			       1.06
   16-Oct-09    204.8   151.4    85.1   253.3   323.7   204.6    129.7    211.5
                                                                         		       		
                                                                                   156.4        87.9
                                                                                           						      					261.6       334.3
                                                                                                                    					       					
                                                                                                                                    211.3     133.9
                                                                                                                                            			       1.03
   23-Oct-09    220.0   154.2    85.5   279.6   323.6   211.8    132.5    229.6
                                                                         		       		
                                                                                   161.0        89.3
                                                                                           						      					291.9       337.8
                                                                                                                    					       					
                                                                                                                                    221.1     138.3
                                                                                                                                            			       1.04
   30-Oct-09    214.1   153.8    85.6   268.8   317.3   213.5    130.2    229.0
                                                                         		       		
                                                                                   164.6        91.6
                                                                                           						      					287.6       339.4
                                                                                                                    					       					
                                                                                                                                    228.4     139.2
                                                                                                                                            			       1.07
  06-Nov-09     213.6   153.6    87.1   268.2   328.9   206.7    131.1    228.4
                                                                         		       		
                                                                                   164.2        93.1
                                                                                           						      					286.7       351.7
                                                                                                                    					       					
                                                                                                                                    220.9     140.1
                                                                                                                                            			       1.07
  13-Nov-09     203.3   153.8    88.1   248.3   337.2   203.1    131.5    213.9
                                                                         		       		
                                                                                   161.8        92.7
                                                                                           						      					261.2       354.7
                                                                                                                    					       					
                                                                                                                                    213.6     138.3
                                                                                                                                            			       1.05
  20-Nov-09     204.5   156.6    88.5   248.0   347.4   206.7    134.4    216.2
                                                                         		       		
                                                                                   165.6        93.6
                                                                                           						      					262.2       367.4
                                                                                                                    					       					
                                                                                                                                    218.6     142.1
                                                                                                                                            			       1.06
  27-Nov-09     205.4   157.7    89.4   248.7   357.2   206.6    133.8    217.0
                                                                         		       		
                                                                                   166.7        94.5
                                                                                           						      					262.8       377.5
                                                                                                                    					       					
                                                                                                                                    218.3     141.4
                                                                                                                                            			       1.06

Latest week, % chg. from
   Week	ago       0.5     0.7     0.9     0.3     2.8    -0.1     -0.4      0.4      0.7       0.9          0.2          2.8        -0.2      -0.5     -0.1
 4	weeks	ago     -4.1     2.5     4.4    -7.5    12.6    -3.2      2.8     -5.2      1.3       3.1         -8.6         11.2        -4.4       1.5     -1.2
52	weeks	ago      2.1    16.0   -10.6    -4.5    47.0    33.9     -2.7    -12.3     -0.4     -23.2        -17.9         26.3        15.1     -16.4    -14.1
 %	Chg.	YTD     -42.2   -23.0   -17.8   -49.5     6.9   -33.8    -27.7    -36.4    -15.4      -9.9        -44.4         17.2       -27.4     -20.0      9.5
  52-week	low 154.0     126.1    76.1   177.3   228.2   130.3    124.3    190.9
                                                                         		       		
                                                                                   150.0        83.5
                                                                                           						      					221.2       278.6
                                                                                                                    					       					
                                                                                                                                    163.4     131.6
                                                                                                                                            			       1.03
 52-week	high 220.0     157.7    99.1   279.6   357.2   214.6    148.4    250.8
                                                                         		       		
                                                                                   167.7      126.0
                                                                                           				        					326.4       377.5
                                                                                                                    					       					
                                                                                                                                    234.0     177.3
                                                                                                                                            			       1.29
FORECAST as at October 2009
 Annual	2009 179.1 137.1         84.0   217.3   287.3   169.3    133.2    201.5
                                                                         		        154.5
                                                                                  		       						
                                                                                                95.1   					244.1       323.6
                                                                                                                    					           189.7
                                                                                                                                					         151.1
                                                                                                                                            			       1.12
 Annual	2010 203.9 144.5         89.7   257.9   287.0   189.3    124.5    212.0
                                                                         		        150.1
                                                                                  		       						
                                                                                                93.2   					268.3       297.7
                                                                                                                    					           196.8
                                                                                                                                					         129.5
                                                                                                                                            			       1.04
   Dec	2009 194.0 141.3          84.4   241.8   306.6   181.6    122.8    194.0
                                                                         		        141.3
                                                                                  		       						
                                                                                                84.4   					241.8       306.6
                                                                                                                    					           181.6
                                                                                                                                					         122.8
                                                                                                                                            			       1.00
   Dec	2010 213.8 147.9          94.4   273.5   267.6   197.5    129.0    245.6
                                                                         		        170.0
                                                                                  		       				
                                                                                              108.5    					314.3       307.5
                                                                                                                    					           226.9
                                                                                                                                					         148.3
                                                                                                                                            			       1.08
                                                 Weekly Commodity Price Report                      TD	Economics
                                                              November 30, 2009                                                     4
                                                                                                    www.td.com/economics


                           COMMODITY PRICES*: AVERAGE LEVELS (1)
                            FOREST PRODUCTS                                     ENERGY                   PRECIOUS METALS
                      LUMBER         PULP        NEWSPRINT           OIL         NAT GAS     COAL          GOLD            SILVER
ANNUAL AVG
          2003	           309.09       554.62           504.81         31.16          5.51     28.13          365.38           4.95
          2004	           405.08       642.12           552.02         41.69          5.88     55.19          409.41           6.71
          2005	           387.35       646.27           611.86         56.85          8.92     48.91          445.46           7.36
          2006	           327.02       721.83           666.83         66.12          6.74     50.29          604.03          11.58
          2007	           283.79       821.12           593.58         72.74          6.98     65.69          699.01          13.44
          2008	           253.33       863.98           700.77        100.15          8.88    128.96          872.53          15.05
      YTD	2009            218.25       704.00           567.81         60.35          3.84     71.64          955.77          14.37

WEEKLY AVG
      05-Jun-09           196.00       641.90           510.00         68.10          3.80     74.31          974.25          15.66
      12-Jun-09           203.00       648.55           510.00         70.83          3.56     76.75          947.65          15.15
      19-Jun-09           213.00       653.97           510.00         70.61          4.02     70.81          934.50          14.25
      26-Jun-09           229.00       651.28           510.00         68.76          3.86     68.69          930.55          13.95
       03-Jul-09          241.00       650.38           455.00         69.36          3.69     73.13          934.65          13.67
       10-Jul-09          245.00       667.91           455.00         61.48          3.28     71.63          918.25          12.95
       17-Jul-09          242.00       681.84           455.00         61.27          3.28     76.23          928.25          13.13
       24-Jul-09          238.00       686.15           455.00         64.99          3.49     78.04          950.05          13.72
       31-Jul-09          232.00       688.50           455.00         67.07          3.41     76.58          940.35          13.66
      07-Aug-09           235.00       692.73           435.00         71.57          3.60     75.96          960.15          14.63
      14-Aug-09           236.00       712.96           435.00         69.65          3.39     74.25          948.40          14.61
      21-Aug-09           238.00       719.17           435.00         70.82          3.02     72.00          940.75          14.01
      28-Aug-09           241.00       719.52           435.00         72.41          2.72     70.36          948.20          14.41
      04-Sep-09           239.00       719.52           450.00         68.41          2.21     66.30          970.25          15.18
      11-Sep-09           237.00       752.22           450.00         70.91          2.72     66.71          998.45          16.63
      18-Sep-09           236.00       758.26           450.00         71.36          3.22     69.90         1008.30          17.07
      25-Sep-09           235.00       759.77           450.00         68.41          3.48     69.72         1004.50          16.68
      02-Oct-09           234.00       759.77           480.00         68.99          3.14     69.85          997.05          16.31
      09-Oct-09           232.00       779.77           480.00         70.86          3.63     71.88         1036.20          17.33
      16-Oct-09           231.00       788.93           480.00         75.74          3.92     70.97         1055.35          17.76
      23-Oct-09           235.00       789.22           480.00         80.35          4.70     72.53         1056.15          17.63
      30-Oct-09           236.00       788.37           480.00         78.51          4.37     73.48         1040.55          16.70
      06-Nov-09           238.00       794.55           500.00         79.04          4.27     75.80         1079.75          17.19
      13-Nov-09           239.00       813.74           500.00         78.21          3.39     79.11         1108.45          17.42
      20-Nov-09           241.00       818.70           500.00         78.36          3.35     82.25         1137.85          18.46
      27-Nov-09           248.00       820.51           500.00         76.25          3.61     81.03         1172.35          18.70

Latest week, % chg. from
        Week	ago           2.9            0.2              0.0          -2.7           7.8      -1.5             3.0            1.3
      4	weeks	ago          5.1            4.1              4.2          -2.9         -17.4      10.3            12.7           11.9
    52	weeks	ago           9.7            2.6            -35.5          45.2         -45.8       3.6            43.5           80.1
      %	Chg.	YTD         -14.9          -19.3            -18.3         -42.6         -58.0     -46.2             9.0           -6.9
      52-week	low       191.00         637.29           435.00         32.37          2.21     60.30          769.30           9.49
     52-week	high       248.00         820.51           765.00         80.35          6.44     88.19         1172.35          18.70
FORECAST as at October 2009
  Annual	Avg	2009       218.00         705.00           560.00         60.00          3.85     69.00          950.00          14.50
  Annual	Avg	2010       264.00         750.00           535.00         70.00          4.75     64.00          935.00          15.85
         Dec	2009       230.00         775.00           480.00         70.00          4.00     65.00         1000.00          16.80
         Dec	2010       285.00         760.00           575.00         70.00          5.50     70.00          870.00          15.00

                *MEASURES & QUOTED PRICES (	$	is	US$	unless	stated	otherwise;                               WEIGHT
                   	C$	prices	converted	to	US$	using	daily	C$/US$	exchange	rate	).                         (	per	cent	)
                                         FOREST PRODUCTS                                                       21.1
 Lumber:	Random	Lengths'	Framing	Lumber	Composite	($/1000	Bd	Ft)                                                9.5
 Pulp:	NBSK,	delivered	in	east	U.S.	($/mt)                                                                      5.7
 Newsprint:	New	York	($/mt)                                                                                     5.9
                                              ENERGY                                                           52.4
 Oil:	Domestic	Spot	Market	Price:	West	Texas	Intermediate,	Cushing ($/Barrel)                                  23.6
 Natural Gas:	Henry	Hub,	LA	($/mmbtu)                                                                          27.2
 Coal:	Austr.	Therm	($/mt)                                                                                      1.6
                                         PRECIOUS METALS                                                        4.5
 Silver:	Cash	price:	Silver,	Troy	Oz,	Handy	&	Harman	Base	Price	($/Troy	oz)                                     0.5
 Gold:	Cash	Price:	London	Gold	Bullion,	PM	Fix	($/Troy	oz)                                                      4.0
 Sources:	WSJ,	FT,	Ux	Weekly,	Random	Lenghts,	Pulp	&	Paper	Weekly,                               Overall	TDCI	weights	based	on	
	GlobalCoal,	Comtex,	WCE,	FRBNY	/	Haver	Analytics.                                                 Canadian	exports	2003-05
                                                       Weekly Commodity Price Report                       TD	Economics
                                                                      November 30, 2009                                                    5
                                                                                                           www.td.com/economics


                              COMMODITY PRICES**: AVERAGE LEVELS (2)
                          NON-PRECIOUS METALS & MINERALS                                       AGRICULTURAL PRODUCTS
                        ALUM        COPPER        NICKEL        ZINC      URANIUM    WHEAT     BARLEY     CANOLA      CATTLE       HOGS
 ANNUAL AVG
          2003	            65.16        81.53          4.47       37.81      11.71    177.34     104.35      272.34       82.87       55.72
          2004	            78.13       130.92          6.25       47.74      18.80    186.84      98.89      282.81       81.45       53.26
          2005	            86.22       167.60          6.69       62.90      29.06    197.76      91.41      238.41       87.24       68.41
          2006	           116.49       305.10         11.01      148.56      47.77    216.58     108.71      268.54       86.19       64.19
          2007            119.49       322.97         16.82      146.82      98.72    302.78     175.70      396.64       93.95       65.53
          2008            117.00       316.94          9.61       85.33      63.76    455.65     202.26      530.68       93.81       66.13
      YTD	2009             73.23       224.70          6.52       71.74      46.96    301.67     143.16      398.72       84.18       57.74

 WEEKLY AVG
       5-Jun-09            66.27       225.39          6.48       69.78      49.50    346.15     156.72      462.44       80.41       59.79
      12-Jun-09            73.38       232.84          6.84       72.56      50.00    330.25     160.13      460.89       79.90       57.30
      19-Jun-09            72.39       226.27          6.77       70.38      53.00    325.68     166.45      439.52       80.20       59.26
      26-Jun-09            72.66       223.57          6.88       69.90      54.00    317.29     160.92      433.86       81.51       59.09
        3-Jul-09           73.01       228.89          7.26       70.16      52.00    297.57     167.60      429.60       84.53       58.75
       10-Jul-09           70.78       221.17          6.92       68.40      52.00    286.85     164.03      402.34       83.95       60.28
       17-Jul-09           72.80       231.63          7.02       67.77      50.00    287.04     160.33      414.46       84.84       61.47
       24-Jul-09           78.13       245.89          7.34       74.45      48.50    281.74     158.85      419.72       85.90       62.86
       31-Jul-09           82.54       252.94          7.68       76.64      47.00    280.81     157.57      416.36       84.53       56.97
       7-Aug-09            89.11       272.32          8.76       83.00      48.50    280.02     160.28      441.67       83.94       53.50
      14-Aug-09            89.75       282.72          9.23       84.04      48.00    266.69     157.34      441.57       83.74       48.58
      21-Aug-09            87.25       275.89          8.77       80.78      48.00    256.73     152.79      424.60       84.61       45.12
      28-Aug-09            84.68       287.59          8.87       82.59      47.00    258.49     143.06      434.64       85.27       47.93
       4-Sep-09            82.37       282.08          8.24       83.95      46.00    256.75     135.86      407.62       86.14       48.64
      11-Sep-09            83.66       288.22          8.07       87.49      45.00    255.88     135.56      403.42       87.02       51.26
      18-Sep-09            84.28       282.57          7.74       84.88      44.50    261.56     136.62      403.98       86.81       52.40
      25-Sep-09            83.22       277.14          7.86       85.46      42.00    261.64     137.69      390.27       85.69       50.16
       2-Oct-09            81.96       271.42          7.75       85.13      42.75    260.50     137.79      385.37       85.51       50.09
       9-Oct-09            82.29       276.37          8.27       87.70      43.50    264.44     141.77      389.68       82.31       50.07
      16-Oct-09            85.04       280.74          8.37       91.49      46.00    279.49     146.59      410.69       82.88       52.13
      23-Oct-09            86.62       292.60          8.69       97.58      47.75    286.52     148.67      409.83       85.41       53.80
      30-Oct-09            87.85       296.71          8.48      102.43      49.50    276.93     148.26      395.81       86.02       55.12
       6-Nov-09            85.30       294.81          8.14       98.38      46.50    278.62     148.73      394.70       86.09       57.47
      13-Nov-09            86.84       295.78          7.60       97.35      45.50    286.33     148.84      392.02       84.30       55.46
      20-Nov-09            90.33       307.33          7.62      100.58      44.00    298.71     146.19      401.53       83.65       55.72
      27-Nov-09            90.62       311.90          7.54      101.29      43.00    292.37     144.03      403.63       83.68       58.83

 Latest week, % chg. from
        Week	ago          0.3             1.5          -1.0         0.7       -2.3      -2.1       -1.5         0.5         0.0         5.6
      4	weeks	ago         3.1             5.1         -11.0        -1.1      -13.1       5.6       -2.9         2.0        -2.7         6.7
    52	weeks	ago         15.3            88.2          65.4        83.4      -21.8      -9.0        1.2        17.6        -3.5         1.5
      %	Chg.	YTD        -39.5           -32.3         -35.1       -18.7      -27.3     -35.3      -31.2       -27.2       -11.0       -13.4
      52-week	low       58.14          128.93          4.24       48.17      40.00    255.88     121.86      309.23       79.90       45.12
     52-week	high       90.62          311.90          9.23      102.43      55.00    347.34     167.60      462.44       87.79       70.64
 FORECAST as at October 2009
  Annual	Avg	2009       72.00          223.00          6.40       69.00      46.00    293.00     140.00      397.00       85.00       56.00
  Annual	Avg	2010       81.00          275.00          6.80       71.00      49.00    242.00     140.00      410.00       89.00       55.50
         Dec	2009       75.00          260.00          6.85       75.00      46.00    250.00     135.00      385.00       87.00       52.00
         Dec	2010       85.00          275.00          7.00       75.00      55.00    250.00     150.00      425.00       92.00       59.00


               **MEASURES & QUOTED PRICES (	$	is	US$	unless	stated	otherwise;                                        WEIGHT
                   	C$	prices	converted	to	US$	using	daily	C$/US$	exchange	rate	).                                  (	per	cent	)
                               NON-PRECIOUS METALS & MINERALS                                                           14.7
Aluminum:	LME	Aluminum,	99.7%	Purity:	Closing	Cash	Price	(Cents/lb)                                                      6.6
Copper:	LME	Copper,	Grade	A:	Closing	Cash	Price	(Cents/lb)                                                               2.6
Nickel:	LME	Nickel:	Closing	Cash	Price	($/lb)                                                                            3.4
Zinc:	LME	Zinc:	Closing	Cash	Price	(Cents/lb)                                                                            1.0
Uranium:	Ux	U308	($/lb)                                                                                                  1.1
                                    AGRICULTURAL PRODUCTS                                                                7.3
Wheat:	1	CWRS,	Canada:	St	Lawrence,	13.5%	(C$/mt)                                                                        2.8
Barley:	Canada:	Cash	Prices:	Feed	Barley:	Lethbridge:	Grade	1	CW	(C$/mt)                                                 0.3
Canola:	Canada:	Cash	Pr:	Canola:	Instore	Vancouver:	Grade	1	Canada	NCC	(C$/mt)                                           1.2
Cattle:	Live	Cattle	Futures	Price:	1st	Expiring	Contract	Open	(Cents/lb)                                                 1.8
Hogs:	Lean	Hogs	Futures	Price:	1st	Expiring	Contract	Open	(Cents/lb)                                                     1.2
 Sources:	WSJ,	FT,	Ux	Weekly,	Random	Lenghts,	Pulp	&	Paper	Weekly,	                                       Overall	TDCI	weights	based	on	
	GlobalCoal,	Comtex,	WCE,	FRBNY	/	Haver	Analytics.                                                          Canadian	exports	2003-05