On Tuesday, the S&P 500 was down 0.35% while Toronto was up 0.2%.
Apple announced it is looking for its suppliers to increase iPhone production by 20%. This stock appears set to keep on rising.
OPEC has made progress in dealing with the demands of the United Arab Emirates (A member of OPEC). While UAE will get a higher quota, production curtailments will now likely be extended to the end of 2022. The bottom line is that this is supportive of higher oil prices. However, these deals and agreements to curtail production can fall apart quickly and the smaller members of OPEC are notorious for exceeding their quotas. Alberta has benefited greatly for the past 50 years from OPECs efforts to boost world oil prices and maintain them higher than would be the case in a free-for-all type market.