S&P/TSX composite rebounds from four-day skid as energy climbs on higher crude prices
Canada's main stock index snapped a four-day losing streak as financials rose on higher bond yields and increasing crude oil prices lifted the energy sector.
Bond yields rose again on anticipation that the reappointment of Jerome Powell as U.S. Federal Reserve chairman will result in interest rates rising next year, perhaps earlier than expected.
The 10-year U.S. yield increased to 1.679 per cent while the Canadian yield was 1.809 per cent.
Original Article Source Credits: CTV News , https://www.ctvnews.ca/
Article Written By: The Canadian Press Staff
Original Article Posted on: November 23, 2021
Link to Original Article: https://www.ctvnews.ca/mobile/business/s-p-tsx-composite-rebounds-from-four-day-skid-as-energy-climbs-on-higher-crude-prices-1.5677299