Canada’s consumer price inflation rose 2.2% year-over-year in May, edging ahead as the Bank of Canada signaled it would last week. The spike suggests Canada’s economy of is also sputtering alongside that of the United States, but soaring commodities costs just may help our northern neighbor skirt recession.

In 1986, the U.S. government created a tax loophole for a handful of special American businesses. The government wanted to give these businesses a big incentive to expand the national infrastructure. So it gave them an incredible advantage: They don’t have to pay corporate tax.

There are those who will tell you that oil is a cyclical business and a global fungible commodity. It rises and falls with the business phase. If you look at a hundred-year chart, it is as obvious as a sidewinder on a sand dune. A sine wave through time — up and down in seven-year cycles.

Vietnam has drawn up plans to mine local uranium for its first civilian nuclear power plant, which is expected to come online in 2020.

According to Bloomberg, the project aims to extract about 8,000 metric tons of uranium octaoxide from the central province of Quang Nam.

“If coal is the short-term solution to the world’s energy needs, uranium is the long-term play,” says Jason Simpkins in Money Morning.

In 2006, we found the perfect income investment. Westshore Terminals sits at the end of a long spit in the waters just south of Vancouver. Trains originating from the coal mines of Canada dump their cargo onto company property. Westshore then sorts the coal and loads it onto ships bound for the world’s steel mills. That’s it.

This is the third installment of a new Money Morning series highlighting investment opportunities created by the global bull market in commodities. There’s a classic squeeze going on in the timber markets right now.

The more speculative exploration stocks continued their bull run but profit taking dominated the big board during Friday trading on the Canadian Markets.

The reversal of fortunes continued as the junior board issues outperformed the big bourse during Thursday trading on the Canadian Markets.

Once in a great while, a sector trend becomes so strong, the rising tide lifts every boat in the industry.

 Want to earn $195 per day, tax free, on top of your salary? Go to work in Fort McMurray, Alberta.