S&P/TSX composite rises more than 200 points helped by oil prices, U.S. markets slide
- Yesterday, Canada's S&P/TSX Composite Index rose 112.12 points to 33,501.85 in late‑morning trading in Toronto, The Canadian Press reported.
- Amid geopolitical flash points involving Russia, Ukraine, Iran, Greenland and Venezuela, the April crude oil contract rose US$1.38 to US$66.43 per barrel.
- The Energy Index's jump reflected a rise of up to two per cent Thursday, with Enbridge Inc.'s 2025 earnings rising around 40 per cent and Suncor's net debt falling over 40 per cent.
- Investor repositioning accelerated after Prime Minister Mark Carney's government signed a November memorandum with Alberta that could clear a path for a new export pipeline to Asia, influencing market access.
- The Venezuela upheaval highlighted a brief widening of Canadian heavy crude discounts while Brent crude futures rose 17% this year amid ongoing Gulf Coast shipping interest.
10 Articles
10 Articles
Energy stocks help lift S&P/TSX composite as price of oil climbs higher
TORONTO — Canada's main stock index was up more than 100 points in late-morning trading helped by strength in the energy sector as the price of oil climbed. The S&P/TSX composite index was up 112.12 points at 33,501.85.
Buzz on the Bullboards: Market momentum returns to the TSX?
With markets buzzing on commodity rebounds and fresh economic signals, the TSX is alive with momentum—and investors are tuning in for the next big moves. Canada’s main stock index climbed on Wednesday as gold and oil prices rebounded from the prior session’s weakness. The uptick comes after a choppy Tuesday, when the index slipped amid a pullback in precious metals and fresh inflation data that kept investors cautious. Now, market participants a…
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