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Oilpatch wary as Ottawa, provinces threaten energy exports in retaliation over Trump tariffs

financialpost
Summary
Nutrition label

72% Informative

U.S. president-elect Donald Trump could slap a 25 per cent tariff on Canadian goods in January .

Ottawa and the provincial governments threaten to target energy exports in retaliation.

Oil and fuel companies on both sides of the border are growing concerned that commodity flows could be disrupted if a tit-for-tat trade war erupts.

Canadian crude accounts for 65 per cent of total crude runs in Midwest refineries, making it the No. 1 feedstock in the region.

A tariff on Canadian products should ostensibly be paid by U.S. importers.

But, in practice, tariffs on Canadian oil would likely drive discounts on barrels of Western Canadian Select ( WCS ).

VR Score

75

Informative language

74

Neutral language

59

Article tone

formal

Language

English

Language complexity

65

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

10

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