Wages, housing costs stoking price pressures in services
In 2023 most of the five biggest banks reduced fossil fuel funding relative to previous years
Two-thirds of polled institutional investors predicted energy sector will outperform over next 12 months
Weaker food prices help offset rising energy inflation
Surging crude energy prices drive higher raw material costs
Sales of petroleum and coal helped drive the increase, StatsCan said
Core inflation stays hot, while food components continue to ease
Zeba Mirza of Foyston Gordon & Payne says Canada’s energy industry looks the best it has ever looked.
Zeba Mirza of Foyston Gordon & Payne says Canada’s energy industry looks the best it has ever looked.
The bank also reported little progress on reducing emissions of oil and gas financing