NAFTA negotiations took a more positive tone recently, but if the trade agreement were to go sideways, the Canadian energy sector would see little impact, says a commodity note from Scotiabank. In fact, the sector might see a benefit. Read: Why this PM is overweight energy for 2018 To explain why, the authors first note […]
Commodity producers expect a happy holiday this year as synchronized global growth supports robust industrial demand, says commodity economist Rory Johnston in a Scotiabank report. This past year, outperformers were driven higher by a combination of strong demand and inflexible by-product supply (cobalt and palladium) or exogenous events like trade action and forest fires (lumber), […]
And what investors should consider
EY’s Canadian Mining Eye index gained 2% in Q3 2017, following a 7% decline last quarter, reveals the firm. Increases across the board in precious and base metals drove the gain. “As commodity prices continue to increase, appetite for investment in existing projects is expected to grow,” says Jim MacLean, EY Canadian mining and metals […]
Energy markets are experiencing gradual, range-bound recoveries against volatile metals performance.
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