SIACharts Logo

Commentary >

 Crude Oil Futures Contract (CL.F) & S&P/TSX Composite Index (TSX.I)

The S&P/TSX Composite Index, Canada’s main benchmark, rose to a record high on Wednesday again, as heavyweight energy and mining sectors have bounced back from some losses from earlier, although investors remained on edge due to rising COVID-19 cases worldwide. Technology stocks have seemed more resilient to virus-related disruptions over the past year.

Crude Oil has also been making headlines recently after OPEC's latest meeting where production was to increase by 400,000 barrels/day over monthly increments. However, the US Administration is feeling the pressure of the combination of higher domestic gas prices at the pump plus higher inflation. This has led to the Biden administration calling for faster production from OPEC and domestically while at the same time calling for more action against climate change.

In this issue of Equity Leaders Weekly, we take a look at how Crude Oil has performed over the last year and half and how that has affected the Canadian Market with analysis on the S&P/TSX Composite Index.

Crude Oil Futures Contract (CL.F)

Keep up to date on the latest financial market news.

Receive a daily newsletter with stock highlights, ETF rankings, weekly market focus and others.