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Canadian Stock Movers for Friday | Premium Brands Holdings Corp Was the Top Gainer; Medical Diagnostics & Research Led Gains
US Energy Secretary on Oil, Possible Rare Earth Deal
After the significant changes in the "petrodollar," oil prices have fallen, as have the dollar and US Treasury yields.
Deutsche Bank pointed out that since the USA became a net oil exporter in 2018/2019, there has been an unprecedented high level of correlation between oil prices, US Treasury yields, and the dollar over the past 30 years. Rising oil prices are more likely to strengthen the dollar, while the direction of the 10-year US Treasury yield has become more difficult to predict.
Cenovus Energy Inc. Stock Rises Wednesday, Outperforms Market
Weekly Crude Inventories Rise More Than Expected
Canada's Oil and Gas CEOs Urge Ottawa to Expand Its Energy Sector -- OPIS
