United States President Donald Trump decided to pull out of the Iran deal today.
Statement on the Iran Nuclear Deal: https://t.co/O3SpryCKkc
— Donald J. Trump (@realDonaldTrump) May 8, 2018
The pull out will cause oil prices to skyrocket in Canada, meaning thousands of jobs to come.
Canada is among the top-10 oil producers in the world and any change to the oil market could have an effect on our economy.
Now that Trump has pulled out of the Iran nuclear deal, the price of oil could shoot up,, Scotiabank said in a statement last week. And higher oil prices mean greater production by the U.S. and Canada. (Global News.)
Oil prices hit $70 per barrel this morning and are expected to keep rising given the current events.
Justin Trudeau is not a big fan of the deal announced by Trump.