Trump Threatens Canadian Tariffs

This is a Canada news story, published by calgaryherald, that relates primarily to Andrew Furey news.

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Canadian oil exports

calgaryherald

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Varcoe: 'Just plain dumb' — Experts warn Canada against using energy as weapon in tariff dispute

Summary

Nutrition label

68% Informative

Canada and the U.S. are the largest foreign suppliers of energy to each other, and the system remains highly integrated.

Canada 's energy trade between the two countries was worth US$152 billion in 2023 , according to the US Energy Information Administration .

Canadian oil exports continue to climb, reaching a record 4.42 million barrels per day last week .

Newfoundland and Labrador Premier Andrew Furey compared Canadian energy to the queen.

Suggestions to cut off oil exports would be self-defeating, as western Canadian oil moves through Enbridge ’s Line 5 to Ontario , via Michigan , would also squeeze Canadian consumers.

Alberta may make strategic sense for Alberta to consider curtailment and adopt measured production quotas.

Strengthening Canada 's energy independence is also required.

VR Score

Informative language

Neutral language

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semi-formal

Language

English

Language complexity

Offensive language

not offensive