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Canadian Energy Companies Benefiting From Global Turbulence

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The world is going through a lot of chaos right now. From a war in Ukraine to a looming recession back home, people are struggling to live as normal. But through this all, the biggest Canadian energy stocks are getting stronger. Why is this and should you invest?

Before getting into the specifics of the stock market and why commodities are benefiting, it is important to go through every global event that is having a major impact.

The glut of global turbulence

Russia’s Invasion of Ukraine

To start with, Russia’s invasion of Ukraine is the most obvious factor in global turbulence at the moment. The world was not ready to deal with such an invasion. Negotiations were expected to keep Russia from choosing this approach, considering what they would have to lose. Massive sanctions would cripple Russia’s economy, and a war would not seem worth it.

However, they went ahead and global sanctions went into place. Unfortunately, these sanctions do not only affect Russia. Rather, they impact just about every other country as well. Russia bears the biggest brunt, but without the resources they provide to other
countries, the world is struggling to cope.

This is hurting developing countries more than any other, as they do not have the resources to spend on low supplies of energy in high demand. Locals are paying the price, with costs rising dramatically. However, developed nations are struggling as well, including the US and Canada. We’re seeing record high inflation that is making life difficult for everyone. We may face shortages if this war continues for much longer.

China’s COVID Lockdowns

While it has started to feel like COVID is finally over, China has been implementing new lockdowns to control another wave. This has led to a low supply of goods coming from China, impacting trade around the world at a time in which supply of almost every
commodity is low.

It’s not just the lack of production on Chinese shores that is impacting the rest of the world. The reality they are going through is causing a lot of unease. The pandemic started there, after all, and their inability to contain it led to the events of the past two and a half years. Fears that they will trigger a new wave with disastrous consequences are not unfounded.

Supply-chain issues caused by the pandemic around the world have still not returned to normal. If lockdowns go into place globally, these issues will get worse once again and it will be even more difficult to recover.

Global Recession

The threat of a global recession that rivals the Great Recession is looming over us. In the US, out-of-control inflation in spite of high interest rates, along with highly overvalued properties, are driving fears.

Whether a recession will occur and how bad it will be is impossible to determine at this point. But the potential is causing people to make decisions with huge financial consequences. This leaves us all the more at risk of chaos.

In this context, why are the biggest Canadian energy companies benefiting? What does this mean for stock traders?

Energy is in high demand

The above events have all impacted the supply of many commodities. Whether it is due to sanctions or lockdowns in China, it is becoming extremely difficult to get hold of just about any consumables. However, there is nothing in higher demand than energy.

Energy is by far Russia’s biggest export. Russia is also one of the biggest exporters of energy in the world, especially when it comes to crude oil. For this reason, sanctions are not all-encompassing. Many European countries simply cannot function without importing Russian energy.

The same is not true for the US, who have been able to cut off all energy imports from Russia. But it is still not comfortable, and all kinds of energy are in high demand.

This is particularly good for the biggest Canadian energy companies. One of the reasons the US can survive without importing Russian energy is due to the supply of energy from Canada. With such high demand, and supply that is limited to an extent, the price of
Canadian energy has risen rapidly.

The strength of the US dollar

With all of that being said, you may be wondering why Canadian energy companies are benefiting so much while US companies are not having as much luck. This has a lot to do with the strength of the US dollar.

The US dollar is considered a safe haven currency. It tends to stay strong regardless of what is happening in the world. This becomes a self-fulfilling property, as currency traders flock to buy US dollars in times of trouble, causing it to strengthen in spite of economic downturns.

China’s difficulties also boost the US currency, as traders turn to the US to import goods unavailable during China’s lockdowns.

The strength of the US dollar is, at least in the short term, great for Canadian energy companies. With demand for their energy in the US higher than ever, they are receiving US dollars that are particularly strong and have more buying power in Canada. The biggest Canadian energy companies are therefore flying higher than their US counterparts, who are earning the same dollars which, due to high inflation, have lower buying power than before.

Of course, this is a double-edged sword. Right now, the strength of the US dollar is great for Canadian energy companies. But over time it will start to impact the cost of all imports from the US, increasing the expenses these companies face and cancelling out any benefits.

Should you invest in Canadian energy stocks?

Bringing this back to the buying and selling of commodities on the stock market, is this the perfect time to invest in the biggest Canadian energy stocks? While it may seem so, the answer is a little more complicated than you might think.

The problem with the current strength of Canadian energy companies is that it is caused by factors that are supposed to be temporary. Sanctions on Russia are not meant as a punishment for their crimes. Rather, they are in place to put pressure on Russia to end the war before their economy collapses and they are bereft of necessary resources.

It is either that or the rest of the world capitulates due to an inability to cope with the rebound effects of the sanctions. Either way, Russian energy exports go back to normal and the price of Canadian energy stocks drops significantly.

The same is true when it comes to China and its COVID lockdowns. They may be driving up the price of the US dollar right now, but things will soon get back to normal. China’s approach of implementing harsh lockdowns ensures that they last the minimum amount of time. This is already happening, with China’s economy just experiencing its best month since February.

This is not to say that Canadian energy stocks are a bad investment. But, if you are to invest in these stocks, you need to be prepared to watch the market carefully. Things can change in an instant, and you can see your investment lose its value.

Todayville Content Team works with a wide variety of clients to develop compelling content solutions. Our experienced team develops strategic campaigns that use video and storytelling, digital advertising and social media to help our clients position and distinguish themselves in the market.

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If You Frequently Travel, A Second Phone Number Can Be A Cost Effective Solution

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Advances in transport technology have reduced not only travel times but also costs. Airlines and tour companies offer a wide array of cut-price deals, so if you already have a destination in mind, sign up for email alerts. Today, you can fly from Canada to Europe in around 6 hours, whereas decades ago, the same journey took weeks by boat. Maybe you travel to represent your organization for work-related purposes. In that case, you get to combine business and leisure, so you’ll return to the office refreshed and ready to be productive.

Suppose you’re an international traveler, a savvy vacationer, or even a local adventurer. In that case, you know a few trips make your trip easier: a passport, comfy shoes, and a six-port USB charger. And it doesn’t take long to realize there’s one thing you’ve forgotten. You need an eSIM Canada for enhanced privacy protection, streamlined communications, and the ability to avoid expensive roaming charges. You probably have an expensive Android or iPhone device, so the last thing you want is another handset. There are many ways to add an extra phone number that works with your smartphone.

Get And Setup An eSIM, Which Works Like A Physical SIM Card

eSIM technology offers a seamless, more integrated approach to connectivity, so it’s a progress from traditional SIM cards. By enabling the eSIM profile, you get access to the operator’s network, which is optimized for local access and helps avoid potential roaming restrictions. This level of resiliency is convenient for specific use cases, such as Google Maps, that require automatic initial connectivity. I you’re traveling, it’s recommended to install the eSIM a couple of hours before your trip or once you’ve reached your destination. The validity period starts counting. You’ll need a WiFi or data connection to set up the eSIM on your device.

You can manually activate the eSIM by pasting the installation code (and any other required information) if you don’t have another device to scan. You should activate the eSIM as soon as you arrive at our destination to prevent your mobile phone data from being used. Activating roaming or data roaming from your device will activate the plan. You can install the eSIM by scanning the QR code you received from the provider: open the built-in camera app, point the camera at the QR code, and tap the banner that appears on your phone. Label the eSIM and set your preferences for calls, messages, and data.

Not Only Do You Get To Keep Your Phone, But You Can Also Add A New Number

An additional phone number allows you to distinguish between personal and professional calls and messages, fostering a healthier work-life balance, and adds another layer of anonymity when interacting with strangers. Work, friends, family, and dating contacts are entirely separate. Texting is unlimited, calling works with your carrier within minutes, and voicemail is easy to customize. You can talk and text using any phone number at any time. The second line might be a disposable or semipermanent number. When traveling overseas, you’ll need to provide your phone number to hotels, bicycle-sharing services, and so on.

Having a phone that works just like it does back home when traveling abroad is the best thing you can do to reduce stress. Being able to keep in touch with family and friends, using Google Translate, and having access to booking sites in the event of delays are just some of the reasons why Internet access is indispensable. Get a full-featured number that supports limitless Internet so you can use apps like WhatsApp, Facebook Messenger, or Skype. It’s not a good idea to use image-heavy social media apps like Snapchat or Instagram.

How To Get The Best Performance Out Of Your Esim When Traveling

Some smartphones have both a removable SIM card and an eSIM card, which allow users to have two separate numbers – i.e., a personal number and a work number – on one device. After establishing a connection to a mobile network, your eSIM will be functional and ready for immediate use. Using a local mobile network while overseas is more affordable than paying roaming costs to your home network; should you mistakenly erase your eSIM, you must reach out to your provider and ask for another installation code. Some device manufacturers offer instructions on how to use plans from two different providers.

In what follows, we’ll present our favorite tips on how to make the most of your eSIM when traveling abroad:

● Strategically plan your data usage: Review your plan details before jetting off. Understanding what your eSIM package includes will help you prepare for your trip and stay connected while miles away.

● Give your eSIM a custom name: During the eSIM installation, you can label your new SIM. For instance, you can name the eSIM “Travel” or “Canada eSIM” and your existing physical SIM “Personal”. If you change your mind, you can edit them at any time.

● Turn on push notifications: You can turn on push notifications to be informed if data is running low or your eSIM is about to expire. You can stay focused without constant interruptions.

In Closing

If you’re traveling internationally, having a second phone number can offer several advantages, such as security, privacy, and convenience. It can be used for bookings, online registrations, and transactions, therefore minimizing the risk of your primary number being exposed to scams and other types of cyberattacks. You can install one or more eSIMs on your device and have two phone numbers at the same time. Remember, the service provider has control over the subscription and is required to maintain an adequate phone signal.

The eSIM plan will automatically expire once you’ve used up your data or when your purchased days run out. You can add more days to your existing plan by reloading your eSIM: simply log into your account and choose the eSIM you wish to extend so you don’t have to worry about connectivity interruptions. This is ideal for short or even long-term travelers.

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How to Deposit and Withdraw in CAD at Sol Casino: A Guide for Canadian Players

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When choosing an online casino, Canadian players not only look for exciting games and bonuses but also for easy and secure payment methods in Canadian dollars (CAD). Sol Casino understands this need and has created a streamlined system for deposits and withdrawals that suits players across Canada.

This guide walks you through how to fund your account, cash out your winnings, and which methods are most efficient and convenient.

Why Use CAD at Sol Casino?

Sol Casino supports transactions directly in Canadian dollars, which is a huge advantage. This means:

 No currency conversion fees

 Simplified banking

 Faster transactions

 Better tracking of your gambling budget

For Canadian players, avoiding unnecessary fees and delays is crucial. Sol Casino ensures you can deposit and withdraw in your local currency without any added complications.

How to Deposit Funds at Sol Casino (Step by Step)

Funding your Sol Casino account is simple. Follow these steps to make a deposit:

1. Log in to your Sol Casino account.
2. Go to the Cashier/Deposit section.
3. Choose your preferred payment method.
4. Enter the amount you wish to deposit (minimum deposit usually starts at $20 CAD).
5. Follow the prompts to complete the transaction.

Most deposits are instant, meaning you can start playing right away.

Popular Deposit Methods for Canadians

Sol Casino offers a variety of trusted options tailored for Canadian players:

 Interac e-Transfer: A go-to choice in Canada, easy to use and highly secure.

 MuchBetter: A modern e-wallet app offering fast, private transfers.

 ecoPayz: Another reliable e-wallet widely used in Canada.

 Visa/Mastercard: Traditional and familiar for most users.

 Cryptocurrencies: Includes Bitcoin, Ethereum, and more for added privacy.

Each method is secure and designed to fit your lifestyle and preferences.

How to Withdraw Winnings in CAD

Cashing out your winnings is just as easy. Here’s how to request a withdrawal:

1. Go to your account dashboard and select Withdraw.
2. Choose the same method used for depositing (if possible).
3. Enter the amount you want to withdraw.
4. Submit your request and wait for confirmation.

Before processing your first withdrawal, Sol Casino may ask for ID verification to comply with KYC (Know Your Customer) rules. This is standard for any legitimate casino and helps protect your account from fraud.

Withdrawal Processing Time

Sol Casino processes withdrawal requests quickly. Here’s a general idea of how long it may take:

 E-wallets (MuchBetter, ecoPayz): 0–24 hours

 Cryptocurrency: 1–12 hours (depending on network speed)

 Interac: 1–2 business days

 Cards (Visa/Mastercard): Up to 3–5 business days

Once your identity is verified, future withdrawals are often processed faster.

Tips for Smooth Transactions

 Verify your account early to avoid delays during your first withdrawal.

 Use the same method for deposit and withdrawal whenever possible.

 Set responsible limits to manage your gambling activity.

 Watch for promotions offering cashback or deposit bonuses for specific payment methods.

Sol Casino also sends notifications and email confirmations for each transaction, adding transparency to the process.

Customer Support for Payment Issues

If you run into any trouble while depositing or withdrawing, Sol Casino has a 24/7 support team ready to help. You can use:

 Live chat for immediate assistance

 Email support for more detailed inquiries

 FAQ section with answers to common questions about payments

All services are available in English and French, making support accessible to all Canadian users.

Conclusion: Fast, Flexible, and Canadian-Friendly Banking

Sol Casino has built a payment system that respects Canadian needs. With support for CAD, a variety of local methods like Interac and MuchBetter, and fast withdrawals, it provides a hassle-free banking experience. Whether you’re playing for fun or aiming for big wins, Sol Casino ensures your money is handled safely, securely, and efficiently.

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