From Oil Prices to Grocery Bills: How the US-Iran Conflict Is Affecting Canada’s Economy
Global events often feel distant from everyday life in Canada, but in today's interconnected economy, developments on the other side of the world can still influence household budgets, businesses, and financial markets at home.The ongoing conflict involving the United States and Iran has created uncertainty in global energy markets, prompting many Canadians to ask an important question: how does a conflict thousands of kilometres away affect life here at home?One of the biggest factors is oil.The Strait of Hormuz, a major shipping route in the Middle East, carries a significant portion of the world's oil supply. Any disruption or uncertainty…
