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Stock impact report

Energy stocks help S&P/TSX composite end higher [Advisor.ca (Canada)]

Broadcom Inc. (AVGO) 
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
Company Research Source: Advisor.ca
Philip Petursson, chief investment strategist at IG Wealth Management, said that stock markets have been “well balanced” to start the year. “You're seeing an improved outlook on oil with the potential for regime change in Iran, but also some news that there's going to be less investment in new oil coming through, and that is going to tighten up supply, and that's helping to contribute to higher prices,” Petursson said. The March crude oil contract was up 26 cents US at US$59.34 per barrel. Meanwhile, the consumer cyclicals sector weighed on Canada's benchmark index with weakness coming from the auto sector, which Petursson said appeared to be the result of Canada-China trade developments. Canada reached a deal with Beijing on Friday to slash tariffs on a set number of Chinese electric vehicles in exchange for China dropping duties on agriculture products, Prime Minister Mark Carney said as he concluded a highly anticipated trip to China. “If Carney is opening the door for i Show less Read more
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