Global News: Could Canada’s energy sector help offset impacts from the Iran conflict?

“With the Strait of Hormuz effectively shut down, investors are selling currencies from regions that import most of their energy needs,” says Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions, in a written note to Global News. “Both the United States and Canada are net exporters of oil and gas, meaning that they stand to gain economically if [oil] prices remain elevated for a prolonged period.”

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