The Annual Offshore Oil & Gas Event
logo

The 25thBeijing International Offshore Oil & Gas Exhibition

ufi

BEIJING,CHINA

March 26-28,2025

LOCATION :Home> News > Industry News

CANADA STOCKS-TSX Jumps 1 pct as oil rally boosts energy stocks; Trump eyed

Pubdate:2017-01-22 09:16 Source:liyanping Click:

* TSX up 161.87 points, or 1.05 percent, at 15,571.68

* All of the TSX's 10 main groups were higher

TORONTO, Jan 20 (Reuters) - Canada's main stock index jumped 1 percent on Friday in a broad rally led by resources stocks as oil prices pushed higher and other commodity prices also gained and as investors eyed the inauguration of Donald Trump as the next U.S. president.

Oil prices rose 2 percent ahead of a weekend meeting of the world's top oil producers that is expected to demonstrate compliance with a global output cut deal. (O/R)

The index's most influential movers included one of its biggest oil and gas producers, Canadian Natural Resources Ltd (CNQ.TO) , up 1.6 percent at C$41.05. Pipeline companies also gained, with Enbridge (ENB.TO) advancing 1.9 percent to C$57.82 and TransCanada (TRP.TO) up 1.3 percent at C$62.72.

Investors hope to get a clearer picture of Trump's likely economic policies when he delivers an inaugural speech later in the day.

Canada sends three quarters of its exports to the United States, and exporters are scrambling to find ways to avoid a potential import tax, including the possible shifting of production or supply lines south of the border.

Meanwhile, his proposed tax and regulatory reforms and higher infrastructure spending could benefit Canadian companies from banks with operations there to industrial and basic materials stocks, which would benefit from faster U.S. economic growth.

The financials group gained 0.9 percent, with Toronto-Dominion Bank (TD.TO) advancing 1.0 percent to C$67.26 and Royal Bank of Canada (RY.TO) adding 0.8 percent to C$94.03.

Several lumber companies, the focus of a long-running trade dispute between the two countries, were lower, with Western Forest Products Inc (WEF.TO) down 2.2 percent at C$44.68.

At 10:21 a.m. ET (1521 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was up 161.87 points, or 1.05 percent, at 15,571.68. All of the index's 10 main groups were in positive territory, with eight gainers for every falling stock.

Fertilizer companies rose, with Potash Corp (POT.TO) up 3.7 percent at C$24.96 and Agrium Inc (AGU.TO) advancing 3.2 percent to C$138.98, after a bank sharply increased its price target on a U.S. peer.

Potash demand has been brisk, with Canpotex Ltd, the offshore sales agency for Potash Corp, Agrium and Mosaic Co (MOS.N) sold out for the first quarter, while urea nitrogen prices are strong, according to Scotiabank.

The materials group, which includes precious and base metals miners and fertilizer companies, added 1.3 percent.

Canada's annual inflation rate rose less than expected in December, while a small retail sales gain in November was also underwhelming compared with economists' forecasts. (ECONCA)

 

主站蜘蛛池模板: 菠萝蜜亏亏带痛声的视频| 日韩精品www| 日日碰狠狠添天天爽超碰97| 最新jizz欧美| 多女多p多杂交视频在线观看| 国产啪精品视频网站| 亚洲白色白色在线播放| 又污又爽又黄的网站| 亚洲一区中文字幕在线观看| kk4kk免费视频毛片| 香蕉狠狠再啪线视频| 欧美夫妇交换完整版随便看| 婷婷亚洲综合一区二区 | 国产人妖视频一区二区破除| 亚洲欧美中文日韩v在线观看 | 91精品国产高清久久久久久| 色片在线免费观看| 最近中文字幕高清免费大全8| 在线视频中文字幕| 亚洲欧美日韩在线观看看另类| 万古战神txt下载| 青青青激情视频在线最新| 樱花草在线社区www韩国| 国内精品videofree720| 免费A级毛片高清在钱| 中文字幕+乱码+中文乱码www| 黄页网站在线观看免费| 欧美成人片一区二区三区| 天天操夜夜操美女| 八戒网站免费观看视频| 中文字幕国产视频| 青青草成人影视| 成人免费视频观看无遮挡| 国产亚洲欧美在线| 三级中文有码中文字幕| 狠色狠色狠狠色综合久久| 成人午夜又粗又硬有大| 国产一级小视频| 久久午夜国产片| 青娱乐在线播放| 日韩一区二区三区不卡视频|