October 2, 2022
5 Top Weekly TSX Performers: Oil and Gas Stocks Dominate

The S&P/TSX Composite Index (INDEXTSI:OSPTX) had ups and downs last week, but ultimately closed at 20,793.42, lower than its Monday (May 30) starting point of 20.835.61.

In focus was a hike from the Bank of Canada that took the country’s benchmark interest rate up to 1.5 percent. The central bank has now increased the rate by half a percentage point twice in a row.

The energy industry was one of the few sectors that stayed in the green, and many of the five TSX-listed mining stocks that saw the biggest gains last week are focused on oil and gas.

Gold explorer and developer Mawson Gold is focused on Finland and Sweden. Its flagship property is the Finland-based Rajapalot gold-cobalt project; its other assets include an option to earn up to an 85 percent stake in the Skelleftea gold project in Sweden, plus a 60.3 percent ownership interest in Southern Cross Gold (ASX:SXG).

» continue to Investing News Network