TORONTO - Focus will be firmly fixed on
earnings from corporate Canada this week as investors assess how badly
depressed commodity prices have impacted the bottom lines of resource
companies.
"It’s a huge week for Canadian earnings," observed Colin Cieszynski, senior markets analyst at CMC Markets Canada.
It has been a challenging time for Canadian resource companies as prices for metals and oil have been hammered in recent months.
For example, copper prices tumbled 13 per cent in January alone while oil prices have collapsed, falling 40 per cent since the end of November as OPEC countries refused to back off on production in order to support prices weakened by a global supply glut.
Read more at Click here / www.trade4x.net
"It’s a huge week for Canadian earnings," observed Colin Cieszynski, senior markets analyst at CMC Markets Canada.
It has been a challenging time for Canadian resource companies as prices for metals and oil have been hammered in recent months.
For example, copper prices tumbled 13 per cent in January alone while oil prices have collapsed, falling 40 per cent since the end of November as OPEC countries refused to back off on production in order to support prices weakened by a global supply glut.
Read more at Click here / www.trade4x.net
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