TSX down nearly 450 points as oil prices rise, U.S. stock markets also lower
Canada’s main stock index fell nearly 450 points, while U.S. markets were also negative and oil prices rose amid more U.S. military strikes on Iran.
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Canada’s main stock index fell nearly 450 points, while U.S. markets were also negative and oil prices rose amid more U.S. military strikes on Iran.
U.S. stocks closed broadly lower as another round of U.S. military strikes on Iran sent oil prices higher, stoking worries about stubbornly high inflation.
Oil giant Chevron is planning to expand its operations in Venezuela, a U.S. official said, as part of an ambitious deal to develop the nation’s oil reserves.
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Authorities in the mostly autonomous Danish territory said they needed more time to review Greenland Energy Co.’s plans to tap what it believes could be an oil bonanza.
Developers of Australia’s Beetaloo basin sent the first gas from the project north to Darwin on Tuesday in what they hope will demonstrate steady flows that can underpin wider commercialization of the country’s first shale gas venture.
Canadian and U.S. stock markets fell and oil prices rose on Monday after the U.S. launched its first military action in a month against Iran.
Trump said the agreement would give the United States a stake in Venezuela’s vast oil reserves, a step towards extracting energy from the country.
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U.S. President Donald Trump on Friday said the U.S. had entered into an oil agreement with Venezuela.
Canada’s main stock index slid almost 300 points on Friday despite the latest GDP report pointing to a strengthening economy as trade tensions prevail.
The bond market swung as investors built bets that the U.S. Federal Reserve may hike interest rates soon to get the nation’s high inflation under control.
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Trump administration officials are working on a deal to secure long-term access to a portion of Venezuela’s crude reserves, sources with knowledge of the negotiations said on Thursday, a move that could ultimately lower the cost of oil imports.
Canada’s main stock index seemingly continued to shrug off trade tensions as it ended in the green on Thursday.
Technology stocks led Wall Street on Thursday after Nvidia, Salesforce and others reported even fatter profits for the spring than analysts expected.