Caught the Canadian market action yesterday and energy stocks canada were really the standout performers. The whole market was bouncing around pretty early in the session - looked like it might go negative for a bit - but ended up climbing back into positive territory by midday. TSX Composite finished up about 0.33%, nothing crazy, but the energy sector was doing the heavy lifting with nearly 2% gains across the board.

Saw some solid moves in the usual names - Tamarack Valley, Cenovus, Arc Resources all posting 2-6% gains. Healthcare had Curaleaf popping over 4%, and industrials like CN Railway and CP Railway were up a solid 1-3%. The banks were mixed though - RBC gained about 1.2% after reporting adjusted net income up 25% year-over-year, but National Bank drifted down 1.4% despite decent earnings.

What's interesting is the economic data came in pretty soft. Services activity in Canada really cooled down - PMI dropped to 44.9 in November from 50.3 the month before, lowest in five months. Manufacturing also weakened. So energy stocks canada are probably benefiting from investor rotation into commodity plays while people wait to see what the Bank of Canada and Fed do next. TELUS was another bright spot, up 2.3% after updating their guidance.

Overall the Canadian energy sector looked like the place to be yesterday, even if the broader market was just treading water. Worth keeping an eye on how these energy stocks canada continue to perform given the economic headwinds we're seeing in the services data.