CRUDE OIL
Gold’s best run since 2010 pushed Canadian equities to the top spot among developed-market stocks this year. Crude at $50/bl will give them an opportunity to stay there.
That’s the view of strategists who follow the nation’s resource-heavy stock market. They expect energy producers will rally into the end of the year as the most expensive crude in 15 months delivers a surge in earnings. The group will take over the baton from the S&P/TSX Materials Index that rallied as much as 65% this year before fading in the third quarter.
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