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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 ...
The Saudis need oil revenue to carry out Crown Prince Mohammed Bin Salman’s ambitious plans to diversify his country’s economy, including the development of Neom, a $500 billion futuristic ...
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.
The price of oil, one of Canada's major exports, added to its weekly decline, dipping 0.1% to $68.65 a barrel, on easing concern over supply risks from the Israel-Hezbollah conflict. Canadian bond ...
The oil and gas industry represents 27% of Canada's total greenhouse gas emissions, an increase of 84% since 1990, mostly due to the development of the oil sands. [ 135 ] Historically, an important issue in Canadian politics is the interplay between the oil and energy industry in Western Canada and the industrial heartland of Southern Ontario.
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 ...