Russian bear creates bull market for commodities

Canada and Russia have a few things in common. Both are vast, northern countries rich in natural resources, and both are major exporters of key commodities like oil, natural gas, lumber, minerals, metals, potash and wheat.

But in Europe, the U.S., Japan, South Korea and several other countries, Russia is now a pariah, and many of the products Canada produces may suddenly gain a political premium.

“I think there’s no question there is a premium,” said André Powell, managing partner at Deetken Insight, a Vancouver management consulting firm. “These events have underscored the importance of countries having diverse sources of supply, and sources of supply that are reliable and dependable

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