It is not just
the rebound in energy prices pushing inflation higher.
Not exact matches
CNBC's Jackie DeAngelis reports on the
rebound in oil
prices ahead of Wednesday morning's data from the Department of
Energy.
In his regular press conference after the ECB's governing council meeting, he said the uptick is «overwhelmingly» due to
energy prices having hit a seven - year low this time last year, creating a base effect that exaggerates today's modest
rebound.
«The
energy sector posted stronger returns
in September due to a
rebound in oil
prices which helped lift Canadian equities, while the bond market slipped into negative territory after strong Canadian economic growth led the Bank of Canada to raise interest rates for the first time
in seven years,» said James Rausch, Head of Client Coverage, Canada, RBC Investor & Treasury Services.
Ours includes a big run up for an Emerging Market, a couple of large cap
energy stocks
rebounding and an improvement
in prices for a key commodity.
Reuters News PE Hub — IPO (Canada) Higher oil
prices and a positive earnings outlook for
energy companies are expected to fuel a
rebound in North American oil and gas initial public offerings
in 2018, with bankers betting investors -LSB-...]
The performance of the Dogs also benefited from its two holdings
in the
energy sector, which were boosted by the strong
rebound in oil
prices since mid-winter.
But even as the
energy sector
rebounds from a three - year downturn, the Conference Board does not expect the Canadian oil sector to post the record $ 116 billion
in revenue it did
in 2014 — when oil
prices were over US$ 100 per barrel — until 2021, when it is expected to pull
in $ 119 billion.
Energy company Royal Dutch Shell says first - quarter earnings rose 67 percent, boosted by a
rebound in oil
prices and growth
in its natural gas business.
The
energy sector has
rebounded sharply from the multi-year downtrend
in oil
prices, but has severely underperformed the S&P 500 Index this past year.
The loonie slid sharply early
in the month but
rebounded towards the end on NAFTA hopes, an uptick
in inflation and a steady increase
in energy prices.
In terms of how to respond to
rebound effects, the report points out: «Carbon /
energy pricing can reduce direct and indirect
rebound effects by ensuring that the cost of
energy services remains relatively constant while
energy efficiency improves.
The office market is likely to remain
in relative equilibrium as oil and gas
prices have
rebounded and sectors outside of
energy continue to expand.»