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Canada’s oil patch rattled by Trump's tariff plan
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 are warning the hefty tariff would have dire consequences for the economy of America's northern neighbour - and hike prices on US consumers. "Canada has no choice in this," Dennis McConaghy, an Alberta-based former energy executive, told the BBC. "It has to find an accommodation with Trump." Trump announced on Monday that, upon taking office in January, he would slap an across-the-board tariff on Mexico and Canada - ... (full story)
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- Posted: Nov 28, 2024 9:32pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 77
