Market Outlook: Canada stocks insulated from oil shock as costs rise
BNN Bloomberg
Canada’s energy-heavy index may cushion stocks from oil shocks, but rising crude prices could boost inflation and pressure consumers.
BNN Bloomberg spoke with Kyle Taylor, wealth advisor and portfolio manager at Tridelta Private Wealth, about how rising oil prices are affecting markets and investment strategy.
Read the full transcript below:
ROGER: Stock markets steadied this morning before turning slightly lower as oil prices eased and investors waited to see whether the conflict in the Middle East will escalate further. Our next guest says Canada’s markets are more insulated than most because of the weight of the energy sector. However, he says that will mean little to consumers who will have to deal with higher prices as a result of the conflict.
Joining us now is Kyle Taylor, wealth advisor and portfolio manager at Tridelta Private Wealth. Kyle, thanks very much for joining us.
KYLE: Thank you.
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