Foreign mutual funds and exchange traded funds sold about $5 billion worth of Canadian oil and gas stocks in the first half of 2024, say researchers at CIBC Capital Markets.) rose above US$86 per barrel before dipping into the US$70 range. Oil produced in Canada typically sells at a discount to the price of WTI.
He adds that sales of Canadian energy stocks by foreign mutual funds and ETFs in the first half of 2024 were “materially larger” than sales of other global energy stocks, at three to five times the size. Compatio AI Announces Groundbreaking VFD System Configurator Model for Industrial Automation Distributors
Hurricane Milton weakens to Category 4 but poses ‘even more danger’ as it continues to grow in size ahead of Wednesday’s projected landfallOTTAWA — Inflation and higher interest rates have eroded Canadians' purchasing power since 2022, particularly for lower-income households, a new report from the parliamentary budget officer has found.Bank of America has named Eamon Brabazon co-head of global mergers and acquisitions, alongside Ivan Farman, according to an internal email seen by Reuters.