Canada Ditches US Tariff Worries, Eyes Energy Supremacy
Canada's Prime Minister Mark Carney remains committed to building a stronger domestic economy despite last-minute relief from hefty U.S. tariffs.
The tariffs were postponed until the end of Friday as negotiations continue, but Carney emphasized that Canada is focused on issues at home.
With an aim of establishing Canada as an energy superpower, the nation's prime minister said he remains committed to building a stronger domestic economy despite a last-minute reprieve on U.S. tariffs.
The largest oil-production project in Canada by investment value is the $12 billion Bay du Nord program off the coast of Newfoundland and Labrador, led by Norwegian energy company Equinor.
Canada is also investing heavily in clean, reliable, and affordable power, with plans for a new crude oil pipeline that would carry as much as 1 million bpd from Alberta to British Columbia.