Reported about 8 hours ago
US President-elect Donald Trump's intention to impose a 25% tariff on Canadian imports is beginning to significantly affect Canada's oil sector. Following comments from Alberta Premier Danielle Smith, expectations that oil would be exempt from tariffs have dwindled, causing Canadian crude prices to drop and leading to a decline in shares of several energy companies. Analysts suggest that if the tariffs are implemented, gas prices may rise and Canadian oil equities face potential losses.
Source: YAHOO