Top 10 topics searched on Yahoo Finance Canada for 2022

Each year, the Yahoo Finance Canada The team examines what users are searching most for on the site. Although there was plenty of volatility and changes in the financial markets, our users were most interested in cars and crypto. Let’s take a look at what happened in these areas and more.

Energie

In an energy-stressful year, oil prices and gas prices were ranked first to second. Yahoo Finance Canada Top 10 Most Searched List

Late-February saw Russia invade Ukraine, causing the global energy market to swell. This caused benchmark crude oil prices to rise to triple-digit heights, the highest levels since 2014’s major oil price crash. Since June, prices have been affected by a growing consensus that there will be a recession next.

However, investors did not ignore the crude rally that sent several oil stocks to the top on the Toronto Stock Exchange’s best-performing stocks list.

Many of these companies gave stockholders more dividends and stock buybacks than they risked by not investing in new production. Prime Minister Justin Trudeau was not happy with these hefty perks, nor was Joe Biden, the U.S. president. This is because fuel prices rose to new records this summer.

In October, Biden slammed American oil majors for booking “outrageous” profits. Trudeau’s government will impose a two percent tax on stock buybacks starting in January. This is double the 1 per cent excise in Biden’s climate-focused Inflation Reduction Act.

Analysts say strong returns from Canadian oil and gas stocks in 2023 will see the resource-heavy S&P/TSX Composite index (^GSPTSE) outperform U.S. markets next year.

While oil and gas investors were happy, 2022 was a difficult year for drivers. The combination of tight refinery capacity, resurgent demand and rising crude prices due to the war in Ukraine caused record-breaking diesel and gasoline prices. Statistics Canada data shows that Vancouver’s average gasoline price was 225.4 cents per gallon in June.

Cryptocurrency

The crypto community has had a rough second half. BitcoinThe most famous digital coin, cryptocurrencies, has seen its trading volume drop to 2022 at a low of two years.

Bitcoin price and bitcoin price were the fourth- and eighth most searched keywords.

While some investors are used to the boom and bust cycles of cryptocurrencies for their investments, many were shocked by the sudden collapse at FTX crypto exchange platform. Investors hoped Binance, a competitor exchange, would rescue them, but these hopes were short-lived when Binance’s CEO resigned. announced it walked away Since its initial intention of acquiring FTX.

Binance was seventh on the most searched topics Yahoo Finance Canada website.

Coinbase (COIN)The fifth place was occupied by, which is a major exchange platform. The stock of the company is closing out the year at an all-time lowIncapable to escape the curses of plunging cryptocurrency values and industry scandals undermined investor confidence.

Transport

If you didn’t know, Elon Musk bought Twitter It was then taken private in a $44 Billion deal. However, this is not the Musk-led company that readers were interested in. Tesla stock (TSLAThe most searched keyword in 2022 (#22) was hit at a 52-week high just before the holidays. The shares of the electric vehicle company fell around 66% this year, erasing approximately 65%. $626 billion of shareholder value, according to Bloomberg.

This slide does not coincide with Musk’s purchase of Twitter. With traditional automakers investing billions worldwide in new production, the competition in the electric vehicle market has heated up.

Tesla wasn’t even the only transportation company. Yahoo Finance Canada Readers were eager to learn more. Air Canada (AC.TOThe 10th place was occupied by ) Montreal-based airline, MAS, had a turbulent 2022. grappled with a surge in travel demand It called it “operational instability” during its post-pandemic recovery.

Combining labour shortages and processing problems, the increase in demand caused a flood of cancellations and delays that brought chaos to Canada’s busiest airports. Air Canada’s stock had a similarly turbulent ride through 2022 with shares falling around 12 percent as of December.

The top 10 are complete.

In an inflation-driven year, the “gold price” was number six. Yahoo Finance Canada Top 10 Most Searched List

Gold is an asset that can be used to store value during inflationary pressures, as well as a traditional safe-haven in times of turmoil. The price of gold rose to above US$2,000/ounce in March when Russian President Vladimir Putin increased his attacks against Ukraine. The Federal Reserve raised interest rates by 425bps from March to December and strengthened U.S. Treasury yields. This has slowed the yellow metal’s performance.

The most searched year-end keyword was “Canadian Dollar” which is a synonym for yellow and metal. On the heels of a strong performance in 2020 against the U.S. Dollar, the loonie had an awful year. Canada’s currency fell to a low of 79 cents U.S. in the first quarter. This is mainly due to its global reputation as a safe-haven currency that has helped it rise this year against many other international currencies.

These are the 10 top topics Yahoo Finance Canada has searched for in 2022

1. Oil prices

2. Gas prices

3. Tesla stock

4. Bitcoin

5. Coinbase

6. Prices for gold

7. Binance

8. Bitcoin price

9. Canadian dollar

10. Air Canada stock

Alicja Siekierska, Michelle Zadikian and Jeff Lagerquist work as senior reporters for Yahoo Finance Canada. Follow them on Twitter @m_zadikian, @alicjawithaj @jefflagerquist.

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