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
Posting Guidelines
- Do contribute something to the discussion
- Do post factual information, analysis and your view on company valuations
- Do disclose if you have an interest in a security
- Do take our Terms of Use seriously
- Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
- Do not complain about a post unless you have reported it first, and not on the forum.
- Do not post financial advice
- Do not advertise or post sponsored content
Get involved!
Get Connected!
Come and join our community. Expand your network and get to know new people!
Comments