Market Outlook: Iran conflict drives oil surge as investors assess earnings
BNN Bloomberg
Iran tensions push oil higher as investors digest earnings from MDA Space, CrowdStrike and George Weston.
BNN Bloomberg spoke with Grant White, portfolio manager at Endeavour Wealth Management, about how investors should navigate the market reaction and the latest results from companies including MDA Space, CrowdStrike and George Weston.
Read the full transcript below:
ANDREW: Apart from the fighting in the Middle East and the attacks on Iran and its retaliation, investors have more earnings results to unpack this morning, including MDA Space, George Weston and CrowdStrike. Let’s get more from Grant White, portfolio manager at Endeavour Wealth Management. Grant, it’s great to see you. Thanks very much. I saw a headline in the Globe today indicating that war is never a time to sell your stocks.
GRANT: No, I mean, I think the headline is right. Despite, obviously, the tragedy of the events going on, from a market perspective markets have very short memories for these types of geopolitical events. So you want to be very careful. I’ve had a few emails from investors talking about this as well and showing some concerns, and that’s natural. But it is something you want to be really careful about right now.
I think volatility can really be your ally, though. If you’re a disciplined investor, one of the things you have to be looking for right now — and we’ve been talking about this for months — is that fundamentals are really climbing to the top here. I think you want to focus on those fundamentals, and if you can find good opportunities to buy because of volatility, that’s a great thing for you as an investor. You want to be very disciplined right now because the headlines can be scary, but that doesn’t necessarily mean there will be a long-term impact on your portfolio.
The U.S. is temporarily easing some sanctions on Russian oil shipments, reflecting global concerns over sharply higher crude prices due to supply shortages stemming from the Iran war.
The Trump administration this week stepped up its ambitious effort to replace about US$1.6 trillion in lost tariff revenue that was eliminated by the U.S. Supreme Court’s decision to strike down a range of the president’s import taxes.
The Bank of Canada will be balancing a last-minute flood of economic data with uncertainty around trade and war in the Middle East as it prepares to make its second interest rate decision of 2026 this week.
The Trump administration has expanded its trade investigations to 60 countries, including Canada, in an effort to shore up the president’s tariff policies.
Canada has committed to supplying 23.6 million barrels of oil as part of a larger International Energy Agency plan to help stabilize energy markets as the war in the Middle East continues.
Canada’s energy-heavy index may cushion stocks from oil shocks, but rising crude prices could boost inflation and pressure consumers.
Venture Global will proceed with phase 2 of its CP2 liquefied natural gas project in Louisiana, the company said on Friday.
The U.S. is temporarily easing some sanctions on Russian oil shipments, reflecting global concerns over sharply higher crude prices due to supply shortages stemming from the Iran war.
Telus Corp.’s global IT and customer services arm says it’s investigating a breach of its systems.
When Jensen Huang strides onto the stage of a packed hockey arena to kick off Nvidia’s annual developer conference on Monday, he is likely to reveal products and partnerships geared toward keeping the AI chipmaker atop a growing array of competitors.
The current Canada Revenue Agency (CRA) crackdown on Canada’s growing army of gig workers has gone beyond Uber drivers, contractors, consultants, handy-people and freelancers.
The U.S. Trade Representative’s office said late on Thursday it had begun Section 301 unfair trade practices probes of 60 economies in relation to what it called failures to take action on forced labor.
Global equity funds recorded the largest weekly outflows since mid-December in the seven days to March 11 as disruptions to oil supplies stemming from the ongoing U.S.-Israel conflict with Iran stoked concerns about inflation and global economic growth.