Coming off the worst one day drop since 1987, the Canadian Markets managed to bounce off the mat during Friday’s session. For the tale of the tape, the TSX Exchange added 5.58%, while the TSX Gold Index surged 27.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gained 1.72% with the declining issuers outpacing the advancers by a 419 to 397 margin on volume of 153 million shares traded.

An ostrich can hide from reality for awhile, by digging its head in the sand, but ultimately, when he raises it to breathe, he must face it.

India’s wholesale price index rose 7.82% for in the week ended May 10, the Ministry of Commerce and Industry reported. It marked the 13th straight week that the inflation rate has been above the central bank’s 5.5% target, highlighting the increased pressures many developing nations are under given soaring commodities prices.