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UPDATE 3-Canadian oil producers CNRL, Cenovus plan new emissions targets, no pivot to renewables
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Industry optimism rising with production but producers still cautious
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Industry optimism rising to pre-pandemic levels, CAPP energy symposium hears
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Industry optimism rising to pre-pandemic levels, CAPP energy symposium hears - Business News
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The Globe and Mail Published April 5, 2021
There was no meltdown.
That’s the primary take-away from the first quarter of 2021. The pandemic is still with us but, unlike a year ago, investors are taking it in stride.
The numbers tell the story. The Dow is up 7.8 per cent in the quarter. The S&P 500 up 5.8 per cent. Nasdaq ahead 2.8 per cent. Here at home, the TSX gained 7.3 per cent.
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It all looks pretty routine on the surface. Except it wasn’t. There were many unusual developments in the quarter that will almost certainly have ripple effects as the year progresses. Here are some key take-aways.