The oil trade between the two countries is a function of geographical proximity, efficiency, cost and infrastructure concerns. … READ MORE >
oil imports
Tariffs would fray Canada-U.S. ties in energy and auto manufacturing
Although a blanket tariff by the U.S. on all Canadian imports is unlikely to materialize in the first half of 2025, there is still cause for concern as selective U.S. tariffs are possible and would be disruptive to both countries’ economies. To illustrate this, look at energy and auto manufacturing — Canada’s industries with the highest exports to the U.S. … READ MORE >
Chart of the day: The long-term impact of a ban on Russian energy
The embargo on Russian energy supplies poses serious long-term challenges for the European Union. … READ MORE >
Chart of the day: U.S. trade deficit nears $90 billion, a record
The United States trade deficit reached a record high in January as strong domestic demand continued to push imports higher, especially oil, while exports were dampened by the omicron surge which shut down production and limited travel. … READ MORE >