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The Government of Canada collects about $5 billion per year in excise taxes on gasoline, diesel, and aviation fuel [21] as well as approximately $1.6 billion per year from GST revenues on gasoline and diesel (net of input tax credits). The Canada Revenue Agency, a part of the government, collects these taxes.
Canadian oil and gas companies with a market cap were included in the 2009 Forbes 500 list. [11] In 2011, The Globe and Mail included eight oil and gas companies in their ranking of Canada's 1000 most profitable public companies. [12]
Calgary also has regional offices of all six major Canadian banks, some 4,300 petroleum, energy and related service companies, and 1,300 financial service companies, helping make it the second largest head office city in Canada after Toronto. [21] Oil and gas activity is regulated by the Alberta Energy Regulator (AER) (Formerly the Alberta ...
Donald Trump's proposed tariffs on Canada could increase U.S. gas prices by up to 70 cents a gallon, energy experts say.
U.S. President-elect Donald Trump's pledge to impose tariffs on Canada would drive up fuel prices for Americans as it would upend decades-old oil trade from its top crude supplier, analysts said ...
The Toronto Stock Exchange's S&P/TSX composite index ended up 105.94 points, or 0.5%, at 19,991.88, adding to this week's rally and posting its highest closing level since June 10.
Trump declared an economic emergency to place duties of 10% on all imports from China and 25% on imports from Mexico and Canada. Energy imported from Canada, including oil, natural gas and electricity, would be taxed at 10%. The tariffs on the United States’ three largest trading partners will go into effect on Tuesday.
Tombe estimated the impact of the carbon tax on the three "most carbon-intensive consumer purchases". He estimated an increase in the price of gasoline of 6.7 cents per litre when the CA$30 a tonne tax came into effect. Natural gas prices would increase by about $1.50 /GJ. [20] "[L]ow to middle-income households" would "receive compensation". [20]