Canadian Oil and Gas Producers Rise Over 50% Buffeting Toronto Losses to 8.7% in 2022

Canada’s benchmark stock market the S&P/TSX Composite fell 8.7% in 2022 in the worst year since 2018, closing 0.5% lower at 19,385 on Friday. Canadian bond yields rose sharply as the BoC’s tighter monetary policy matched the US Fed and US Treasuries reaction. In 2022 Toronto’s banking sector fell over 12% on average, pressured by lower credit demand. The tech sector lost over 30%. Canadian oil and gas producers soared over 50% on average, as natural gas crude oil prices … Continue reading “Canadian Oil and Gas Producers Rise Over 50% Buffeting Toronto Losses to 8.7% in 2022”