Canada in a strong position at G7 summit

Soaring commodity prices are helping Canada weather an economic storm that is threatening G7 members.


With the war in Ukraine, Europe has been hit with rising commodity prices, whether it be energy with gas or agriculture with wheat. At the G7 summit earlier this week, the countries’ leaders said they were working to ensure that Russia does not exploit its position as an energy producer by attacking Ukraine, to the detriment of vulnerable countries.


The G7 countries want to develop a “mechanism to put a global cap on Russian oil prices,” according to a senior White House official. It will also “coordinate to use tariffs on Russian products to help Ukraine,” the same source continued.



This article is reserved for subscribers.

Subscribe now !

Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…

Already have an account ? Please log in.

Featured photo : © Pixabay


Hélène Cougot
Hélène Cougot
Passionate about art and fashion, Hélène went to a fashion design school: the Atelier Chardon-Savard. She then completed her training with an MBA in Marketing at ISG. She has written for the magazine Do it in Paris and specializes in writing articles about luxury, art and fashion for Luxus +.

Subscribe to our Newsletter

Sign up now to receive sneak previews of our programs and articles!

Unlimited access to luxury news.

Discovery offer 1€ for 1 month!

Luxus Plus Newsletter