Happy Friday, and welcome to today’s economic whiplash.
The price of oil, the Loonie, and the TSX all saw a bump yesterday after the previous day’s calamitous drops in oil prices. After losing more than a cent on Wednesday, the Loonie gained almost a cent yesterday, while the price of oil dropped to the south side of $48 yesterday morning is back above $52 today (with Brent above $58), although who knows where it will go next.
Is there a clear cause between yesterday’s jump? There are plenty of factors, but the over-arching cause might just be “general confusion”.
Today is also Jobs …read more
Source: Macleans
