Canadian Oil Stocks Climb as Industry Absorbs News of Trudeau Resignation

Canadian Oil Stocks Climb as Industry Absorbs News of Trudeau Resignation
Pumpjacks draw out oil and gas from wells near Calgary on Sept. 18, 2023. The Canadian Press/Jeff McIntosh
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Canadian oil and gas stocks climbed Monday as the country’s energy sector absorbed the news of Prime Minister Justin Trudeau’s resignation.

As of mid-afternoon, the energy sector led all others on the TSX in terms of gains, with the S&P/TSX capped energy index up nearly two percent.