How our loonie crashed the commodities party – Globe and Mail(News)
Both gold and oil prices have soared this year, but the performance of stocks, mutual funds and exchange-traded funds in these sectors has in many cases been disappointing. Oil prices are still up close to 50 per cent this year, but a popular energy play called the iShares S&P/TSX Energy Index Fund was up just 1. The dollar has helped to drive a wedge between oil stocks and oil prices, but there are other factors as well. He also noted that investors have been reluctant to factor the current high level of oil prices into their assumptions about how much energy stocks will earn in the year ahead. read more
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