Craig Fehr, investment strategist at Edward Jones, said the TSX outperformed on the back of what has largely powered the index for much of the year: energy and materials.
“So I've probably characterized this more as just the markets levelling things out after what's been a pretty sharp move to the downside for crude oil prices.” The Canadian dollar traded for 77.23 cents US compared with 76.70 cents US on Friday as the U.S. dollar weakened from its strong run. Overall, the S&P/TSX composite index was up 201.17 points at 18,595.62, falling from an intraday high of 18,733.59.
The intraday market volatility is pretty consistent with what we've seen regularly over the past several months - big gains and big losses that have sometimes reversed midday, said Fehr.
The news is good for decency and very bad for evil:
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
When it comes to food, energy and medicine, Canada needs to be more self-reliantBefore COVID-19, we saw how international disputes can wreak havoc. China, for instance, abruptly cancelled billions of dollars of canola imports from Canada, sending our farmers into a tailspin. Then, throughout the global pandemic, we saw how supply lines for so many products we rely on can easily be disrupted and cause reverberations throughout our
Source: TheHillTimes - 🏆 11. / 79 Read more »
Opinion: Canada is allowing Russia’s energy blackmail to win the day in EuropeThe Trudeau government has an opportunity to defeat Russia’s energy and famine ploys, and emerge as a major power for doing so – and yet it has offered up mere platitudes Germany is a canadian ally and needs Canada help. Afterward, Germany can keep helping Ukraine. You need two different articles to make the point that we have a moral duty to stand up for Ukraine and also there is this sweet opportunity to hold German infrastructure hostage so that they have to buy oil from us. Gas pipe fittings have stringent DIN standards that is a reality the world has to contend with; unfortunately for the misdeeds from the Gazprom debacle(fact check, entire core family died); EU Nations can’t risk winters without heating, allied with the humanists we can only pray
Source: globeandmail - 🏆 5. / 92 Read more »
Worried about high energy bills, some Canadians risk discomfort, illness and even deathCanada — unlike many other countries in the world — does not recognize energy poverty, the lack of adequate and necessary home energy services The 'elites' are essentially psychopaths who don't care who dies as long as they are comfortable. Destroy their comfort, crush their resistance and make them beg for mercy, or suffer. Mass mobilization, general strikes and direct action. Grow a spine, win a future. Sounds like covid. Fixed income….
Source: nationalpost - 🏆 10. / 80 Read more »
Economists predict inflation climbed even higher in June amid 'reopening effect'Economists are predicting an even higher reading of inflation for June as energy and food prices crept higher and economy reopened further.
Source: ottawasuncom - 🏆 4. / 92 Read more »
Economists predict inflation climbed even higher in June amid 'reopening effect'Economists are predicting an even higher reading of inflation for June as energy and food prices crept higher and economy reopened further.
Source: calgarysun - 🏆 63. / 52 Read more »