The right wingers prediction was that Canada would be in chaos and the economy would be in dire straits, etc. But not only have we seen the best job numbers and job creations, plus a great GDP growth in spite of the speculation that Canada would be in a recession sometime in the middle of this year. The TSX was expected to collapse. But we are seeing the best TSX figures under Trudeau's middle of the road and sensible tenure!!
Oil prices rise on supply concerns:
Toronto stocks rallied Friday, boosted once again by rising energy prices.
The S&P/TSX composite index jumped 119.38, or 1.02%, to 11,856.81, another record high.
On the week, the benchmark index rose 2.16%.
Volume on the senior exchange was 324 million shares.
Nine of the 10 TSX main sub-groups were up.
The energy index lifted 1.70%, after the price of oil rose sharply on worries about supply from Iran and Nigeria. In New York, crude for March delivery settled $1.50 higher at US$67.76 a barrel.
Ivanhoe Energy added 9¢, or 3.30%, to $2.82.
Suncor Energy rose $2.91, or 3%, $90.68.
Petro-Canada advanced $1.35, or 2.6%, to $53.33, and EnCana Corp gained 1.5% to c$54.20.
The materials sector rose 1.56% the back of record base metals prices.
Dofasco shares lost 24¢, or 0.34%, to $70.26 as Mittal Steel Co. is making a bid for rival Arcelor SA, which has a US$22.8-billion takeover bid pending for Dofasco.
The S&P/TSX Venture Exchange index finished up 31.68, or 1.27%, to 2,521.99.
In New York, good earnings results from Microsoft Corp. and Procter & Gamble Co. spurred markets ahead.
The Dow Jones industrial average was up 97.74 points, or 0.90%, to end at 10,907.21. The S&P500 Index was up 9.89 points, or 0.78%, at 1,283.72. The Nasdaq Composite Index was up 21.23 points, or 0.93%, at 2,304.23.
For the week, the blue-chip Dow average rose 2.24%, while the S&P 500 gained 1.76%, and the Nasdaq climbed 2.52%.
https://www.investmentexecutive.com/news/research-and-markets/tsx-hits-record-high/
Even Alberta is expected to pick up next year:
https://globalnews.ca/news/6219827/conference-board-canada-forecast-alberta-bc-economic-growth-2020/
Oil prices rise on supply concerns:
Toronto stocks rallied Friday, boosted once again by rising energy prices.
The S&P/TSX composite index jumped 119.38, or 1.02%, to 11,856.81, another record high.
On the week, the benchmark index rose 2.16%.
Volume on the senior exchange was 324 million shares.
Nine of the 10 TSX main sub-groups were up.
The energy index lifted 1.70%, after the price of oil rose sharply on worries about supply from Iran and Nigeria. In New York, crude for March delivery settled $1.50 higher at US$67.76 a barrel.
Ivanhoe Energy added 9¢, or 3.30%, to $2.82.
Suncor Energy rose $2.91, or 3%, $90.68.
Petro-Canada advanced $1.35, or 2.6%, to $53.33, and EnCana Corp gained 1.5% to c$54.20.
The materials sector rose 1.56% the back of record base metals prices.
Dofasco shares lost 24¢, or 0.34%, to $70.26 as Mittal Steel Co. is making a bid for rival Arcelor SA, which has a US$22.8-billion takeover bid pending for Dofasco.
The S&P/TSX Venture Exchange index finished up 31.68, or 1.27%, to 2,521.99.
In New York, good earnings results from Microsoft Corp. and Procter & Gamble Co. spurred markets ahead.
The Dow Jones industrial average was up 97.74 points, or 0.90%, to end at 10,907.21. The S&P500 Index was up 9.89 points, or 0.78%, at 1,283.72. The Nasdaq Composite Index was up 21.23 points, or 0.93%, at 2,304.23.
For the week, the blue-chip Dow average rose 2.24%, while the S&P 500 gained 1.76%, and the Nasdaq climbed 2.52%.
https://www.investmentexecutive.com/news/research-and-markets/tsx-hits-record-high/
Even Alberta is expected to pick up next year:
https://globalnews.ca/news/6219827/conference-board-canada-forecast-alberta-bc-economic-growth-2020/