Reported about 10 hours ago
Canada's oilfield drilling and services sector is facing renewed challenges as U.S. President Trump's proposed 10% tariffs on Canadian crude threaten to disrupt a fragile recovery. Employment in the industry has not yet returned to pre-pandemic levels, and uncertainties regarding these tariffs are causing caution among producers and impacting investment decisions. Analysts predict a slowdown in drilling activity, particularly among smaller companies, raising concerns of job losses in a sector that has struggled for years.
Source: YAHOO