After lagging the stock market for years, traditional energy companies have become the leader.
“People are keen to spend the money that they have saved during the pandemic on travel.”
Tougher sanctions on Russian energy-related businesses loom.
Q4 revenue was C$367.8 million (US$288.1 million), an increase of 73% over the same period a year ago.
Commodities as a whole had their best year in over a decade, due in large part to inflation triggered by unprecedented global monetary and fiscal stimulus. The Bloomberg Commodity Spot Index ended 2021 with a gain of 27%, the biggest yearly jump since 2009, when the financial crisis similarly prompted governments and central banks to flood their economies with liquidity.
The weaker-than-expected labor report should not deter the Fed from tightening credit, especially because the unemployment rate fell below 4%.
Looking back, 2021 was another year full of dramatic financial issues with many consequences. We tackled a number of them. Once again, we will take a look at how we did and provide an update.
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