Oil shocks shift wealth – here’s how investors should respond

The Globe and Mail
April 19, 2026.

Anwar Husain, Senior Investment Advisor at Richardson Wealth, notes that surging oil prices in the wake of the Iran conflict leave Canada both winning and losing, as wealth redistributes from one part of the economy to another.

He adds: “Oil shocks may be unpredictable, but your response doesn’t have to be. Investors have tools to protect their portfolios regardless of how long this price increase lasts.”

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