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Canada's main stock market closed Thursday up 150 points at session highs, led by stocks in the Metals & Mining and Energy sectors on the prospect of increased demand for commodities after the European Central Bank launched a potentially unlimited bond-buying program to, hopefully, bring the region's debt crisis to an end.

The market was also buoyed by buying in Petaquilla Minerals (PTQ.TO), which spiked 65% and saw 22.5 million shares change hands on reports of additional reserves and a possible Inmet Mining (IMN.TO) takeover.

Yellow Media (YLO.TO) gained more than 20% with around 13 million shares traded as debtholders and shareholders approve recapitalization plans.

Crude oil futures ended higher, but off day highs, on Thursday amid positive sentiment for the European Central Bank's bond-buying plan and a bigger-than-expected fall in supplies. Crude for October delivery rose 17 cents to US$95.53 a barrel on the New York Mercantile Exchange.

Gold futures also ended higher on the European Central Bank's plan. Gold for December delivery gained $11.60 to settle at $1,705.60 an ounce on the Comex division of the New York Mercantile Exchange.

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