Oil prices have been in focus lately, with a number of headlines around geopolitical tensions and market dynamics dominating the narrative.

Trump’s tariff threats on Russian/Venezuelan oil and his threat of military action against Iran have stirred up uncertainty, while a recent 3.3M barrel crude inventory draw signalled strong demand, putting a floor under prices.

A potential rise in oil prices may not benefit the loonie though, which has decoupled from the commodity in recent years.

The development of our energy sector remains an important topic, and one where our two candidates have largely different views (a nice change of pace from the constant one-upping each other).

Should support for the continued development of the Canadian energy patch remain weak, valuations could stay under pressure, increasing the potential for U.S. companies to take a look north of the border to offset declining reserves.

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