This scorecard tracks four major Canadian-relevant assets over the week ending July 10, as Iran's strikes on four countries widened the war further than at any point since it began. Oil rose and the Canadian dollar strengthened on a stronger-than-expected June jobs report, while the TSX held near its highs. Gold fell despite the escalation, as traders leaned into rising odds of a Federal Reserve rate hike, which typically weighs on non-yielding assets more than geopolitical risk lifts them.
This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.
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Brent crude closed the week at $76.01, up about 5 percent, after Iran struck Bahrain, Kuwait, Qatar and Jordan in a single day, the widest…
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The S&P/TSX Composite closed July at 35,226, up 1.06% for the month, a modest headline figure that conceals sharp intra-month swings.
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Brent and WTI crude both surged in July, with WTI ending the month at $85.47, up 23.0%, after round-tripping from a five-month low near $68.74.
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Brent crude rose 5.1% over the week to $87.84 a barrel as an escalating Iran conflict pushed oil back toward its earlier highs.
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Six major assets all finished the week higher, but energy markets moved roughly five times faster than equities or the Canadian dollar.
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WTI crude closed at $85.47 Friday, up 2.3% on the day, capping a volatile seven-week stretch.
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