Canada’s benchmark stock index opened higher Thursday as broad-based gains offset losses in energy.
Special dividends are becoming more common in both the Canadian and global oil sector, Jeff Weniger, the head of equity strategy at WisdomTree Asset Management, said in an interview on BNN Bloomberg Thursday morning. Jeff Weniger, head of equity strategy at WisdomTree Asset Management, joins BNN Bloomberg to talk about the energy sector and discuss Canadian Natural Resources earnings. He says the companies are changing their dividends to accommodate a fluctuating oil prices.
Markets in New York were mixed Thursday morning. As of 10:02 a.m. EDT, the S&P 500 was up 0.06 per cent, while the Dow Jones Industrial Average was 0.11 per cent lower and the Nasdaq was up 0.44 per cent.The benchmark West Texas Intermediate crude price was down 0.67 per cent to US$90.05 per barrel.
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