TSX diverges from Wall Street, gains 2.6% on continued surge in energy stocks [Toronto Globe and Mail (Ontario, Canada)]
Canadian Natural Resources Limited (CNQ)
Last canadian natural resources limited earnings: 3/5 05:00 am
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Source: Toronto Globe and Mail
TSX diverges from Wall Street, gains 2.6% on continued surge in energy stocks The decimated energy sector has rallied hard off of 20-year lows, pushing Canadian stocks to a decent gain on a day that saw the U.S. market slip. For the first time since the COVID-19 pandemic consumed global financial markets starting in early March, the S&P/TSX Composite Index meaningfully diverged from U.S. equity benchmarks, with a gain of 2.6 per cent on Tuesday. The S&P 500 index dropped by 1.6 per cent. Canada’s biggest oil sands players led the advance, adding to a rebound that started on Monday. Over just two trading days, Canadian Natural Resources Ltd. shares have surged by 45 per cent, and Suncor Energy Inc. by 37 per cent. Potential catalysts for the sudden reversal include expanded federal wage subsidies that would apply to energy sector employees, as well as Tuesday’s announcement that the long-delayed Keystone XL pipeline would go ahead with support from the province of Alberta. So precipito
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Sec Filings
- 12/6/24 - Form 6-K
- 12/4/24 - Form 6-K
- 11/12/24 - Form SC
- CNQ's page on the SEC website