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Stock impact report

The Canadian Stocks That Led Their Sectors in 2024 [Yahoo! Finance Canada]

Enbridge Inc (ENB) 
Last enbridge inc earnings: 2/14 07:00 am Check Earnings Report
US:NYSE Investor Relations: enbridge.com/investment-center/dashboard
The year 2024 saw a recovery in the stock market in the second half after the Bank of Canada began interest rate cuts. The TSX Composite index surged as much as 22% until November and then corrected 3.75% in December, closing 2024 at a gain of 18.31%. Five sectors have a heavy weightage in the index: financial (31%), energy and utilities (21.5%), industrial (13.6%), materials (12.5%), and information technology (8%). While large-cap stocks led the sectors by market cap , it was the mid-cap stocks that outperformed in 2024. Leading stocks in energy and utilities Canada has one of the largest oil sands reserves and exports more than 90% of its oil and gas to the United States. It also has a vast electricity generation capacity that makes electricity cheap. Enbridge leads the energy sector with its largest pipeline infrastructure used to transmit oil and gas. Its stock price surged 30.5% in 2024 as it completed a major acquisition of three gas utilities in America. Enbridge stoc Show less Read more
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