It’s time to talk about oil

Energy makes up 8% of Canadian GDP and has a big impact on the loonie’s value relative to the U.S. dollar. Host Philip Petursson, Chief Investment Strategist for IG Wealth Management, explores reasons why crude is so high (including high demand, war in Ukraine and capacity limitations), and how this will affect Canada’s energy sector, the S&P/TSX Composite Index and the loonie.