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In Canada’s oil-rich province of Alberta, there is a deep sense of unease over President-elect Donald Trump's threat to impose a 25% tariff on Canadian goods. Canadian politicians and energy ...
Experts also warn that stiff U.S. tariffs would likely push the Canadian economy into a recession in 2025, causing a spike in inflation and forcing the Bank of Canada to pause interest rate cuts ...
OTTAWA (Reuters) -The abrupt resignation of Canada's finance minister leaves the government adrift less than a month before the inauguration of a new U.S. administration that could impose ...
The province of Newfoundland and Labrador is Canada's third largest oil producer with 27,373 cubic metres per day (172,000 bbl/d) of light crude oil from its Grand Banks offshore oil fields in 2015, about 4.4% of Canada's petroleum. See the Newfoundland and Labrador section above for details.
Shell, however, announced in September 2015 that it was abandoning exploration "for the foreseeable future" in Alaska, after tests showed disappointing quantities of oil and gas in the area. [25] On October 4, 2016 Caelus Energy Alaska announced its discovery at Smith Bay could "provide 200,000 barrels per day of light, highly mobile oil". [26]
The United States is Canada's major trade market for energy products and services. Canada sent around 98% of its total energy exports to the United States in 2015, meaning that Canada is the largest supplier of energy exports to the world's largest economy. Canada also exports significant amounts of uranium and coal to Asia, Europe and Latin ...
An unimpressed Alberta premier, Danielle Smith, one of Trudeau's biggest domestic critics, said the provincial leaders had only learned halfway through their call that the point person on Canada-U ...
Production in the other major OECD producers (the United States, United Kingdom, Norway and Mexico) at that time have been declining, as was conventional oil production in Canada. Total crude oil production in Canada was projected to increase by an average of 8.6 percent per year from 2008 to 2011 as a result of new non-conventional oil projects.