Canada's Oil Exports Defy Trade Tensions

Canada's crude oil exports to the U.S. have shown resilience in the face of trade tensions, increasing by 7% in May compared to the same month last year.

The country remains the top crude oil exporter to the U.S., with its 4 million barrels per day (bpd) deliveries accounting for about 60% of foreign oil shipments.

Canada's efforts to diversify its trade away from the U.S. are underway, with Prime Minister Mark Carney vowing to cut U.S. trade in half in response to President Donald Trump's tariff threats.