Canadian oil stocks surged after Prime Minister Justin Trudeau announced his resignation.

Canadian oil and gas stocks rose sharply on Monday following Prime Minister Justin Trudeau's resignation announcement. The S&P/TSX capped energy index gained nearly 2% on the Toronto Stock Exchange. Trudeau's government had a mixed impact on the sector, purchasing the Trans Mountain pipeline in 2018 but also proposing policies that were seen as unfavorable to oil and gas companies.

2 months ago
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