3 Reasons Canada Is Attracting Investors’ Attention

There is chaos in global stock markets. The Russia-Ukraine war has indirectly impacted Europe and the U.S., which depend on Russia for commodities like oil, natural gas, and uranium. But the western countries took a bold step and imposed sanctions on Russian oil and natural gas. Now, Russia is reportedly considering banning uranium supply to the United States. This war and the resulting sanctions disrupted the global supply chain and boosted commodity prices. All this uncertainty has made Canada an attractive avenue for risk-averse investors. Three reasons to invest in Canada

Oil prices

Uranium prices

House prices Canada benefits from rising oil prices Canada has the world’s third-largest oil sands reserves. It is the fifth-largest oil producer after the U.S., Saudi Arabia, Russia, and Iraq. At present, Russia and Iraq face sanctions, and a missile attack on Saudi Arabia’s fuel depot has raised fears of […]

Click here to view original web page at www.fool.ca

About the author: StockMan

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.