Canada Daily

Canadian Energy Stocks Hit First Record Since 2008 as Oil Soars

Plus: Canadians buying more US stocks

Storage tanks at the Burnaby Terminal at the end point of the Trans Mountain Pipeline System in Burnaby, British Columbia.Photographer: James MacDonald/Bloomberg

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By Monique Mulima

February 19, 2026 at 10:21 PM UTC

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Canadian energy stocks hit a record high today as rising oil prices led the S&P/TSX Composite Energy Index to levels last seen in 2008, the year of the global financial crisis.