15:40:31 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 943,186,589
Close 2017-02-15 C$ 55.92
Market Cap C$ 52,742,994,057
Recent Sedar Documents

Globe says Cenovus, others hope tweaks don't mean tax

2017-02-15 08:54 ET - In the News

See In the News (C-CVE) Cenovus Energy Inc

The Globe and Mail reports in its Wednesday edition that faced with a potentially costly tax on exports threatened by the United States, Canadians briefly shed their provincial ways and joined for a common cause. The Globe's Jeffrey Jones writes that standing beside Prime Minister Justin Trudeau at the White House, U.S. President Donald Trump appeared convinced by Canada's message that trade is mutually beneficial. The most drastic measures he alluded to were tweaks. Tweaks to a $2-billion-a-day trade relationship are to be expected. However, the idea of a border tax and any other changes to the U.S. relationship has caused major worries in Alberta, which exported $80.6-billion of stuff across the border in 2015, with nearly 80 per cent of that in non-renewable resources. Indeed, Alberta has the highest per capita exports to the United States among the provinces and territories. The concerns spread to investors, who since December have lopped as much as $10-billion from the market caps of oil and gas companies. On Friday, Alberta Premier Rachel Notley sat down with 16 senior executives, including those from Cenovus, Suncor, Shell, EnCana and Enbridge, to help hone a strategy on trade with the U.S.

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