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”
Husky Energy (HSE), one of Canada’s largest integrated energy companies, reported it’s second quarter 2017 earnings on Friday. Higher oil prices and increased in production enabled HSE to report a smaller loss.