The loonie and the price of oil are often closely correlated, with rising oil translating to a stronger Canadian dollar, because energy is the nation’s biggest export. But recently oil has been rising and the Canadian dollar has been getting weaker, as the country’s central bank has been less aggressive about hiking rates.
“What you want is a business that has its revenues in US dollars but pays its costs in Canadian dollars, and that’s what you get with a Canadian oil company — at the same time you also get the longest reserve life in the world with the lowest decline rates in the world,” he said by phone. Local performance of energy shares may reflect the effects of decoupling. The S&P/TSX Composite Energy Index climbed 4.1% year to date through Thursday’s close in Canadian dollar terms, faring slightly better than its US counterpart, the S&P 500 Energy Index, which is up 3.3% over the same period in US dollar terms.
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Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,226.96, down 186.80 points): Enbridge Inc. (TSX:ENB). Energy. Down $2.85, or 5.92 per cent, to $45.31 on 19.1 million shares. Canopy Growth Corp. (TSX:WEED). Healthcare. Up 17 cents, or 18.28 per cent, to $1.10 on 18.8 million shares. Suncor Energy Inc. (TSX:SU). Energy. Up 14 cents, or 0.30 per cent, to $46.98 on 12.3 million shares. TC Energy Corp. (TSX:TRP). Energy. Down $1.0
منبع: YahooFinanceCA - 🏆 47. / 63 ادامه مطلب »
Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,226.96, down 186.80 points): Enbridge Inc. (TSX:ENB). Energy. Down $2.85, or 5.92 per cent, to $45.31 on 19.1 million shares.
منبع: SooToday - 🏆 8. / 85 ادامه مطلب »
Business council says CSIS should start warning private companies of foreign interferenceOne of the country's leading business voices warned Thursday that Canada's economic security faces external threats — and called on Ottawa to give its spies the power to share intelligence with private firms being targeted for foreign interference.
منبع: CBCPolitics - 🏆 79. / 51 ادامه مطلب »
UK Companies Expect to Raise Prices at Slowest Pace Since 2021UK firms expect to raise their prices at the slowest pace in almost two years, according to a Bank of England survey that suggests inflationary pressures are easing.
منبع: BNNBloomberg - 🏆 83. / 50 ادامه مطلب »