09:37:00 EDT Mon 04 May 2026
Enter Symbol
or Name
USA
CA



Suncor Energy Inc
Symbol SU
Shares Issued 1,184,187,031
Close 2026-05-01 C$ 91.83
Market Cap C$ 108,743,895,057
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Globe says Suncor sees farmers get pinched at the pump

2026-05-04 06:21 ET - In the News

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The Globe and Mail reports in its Saturday, May 2, edition that farmers across Canada are feeling the hit at the pump just as they head into their fields with their heavy machinery. The Globe's Tony De Guzman writes that some farmers have gone electric with their machinery. National Farmers Union climate director Darrin Qualman says there aren't definitive numbers on how many farmers have gone electric, but says there are not a lot. He adds that he expects the farming sector to embrace electrification after the technology is proven in other transportation sectors like long-haul trucking. While the costs to run an electric tractor is lower, farmers would still need to buy fuel when delivering their crops to market. The majority of farmers who rely on diesel fuel are watching what happens in the U.S.-Iran war. Prime Minister Mark Carney removed the federal excise tax on gas and diesel from April 20 until Labour Day. This means the cost of gas drops 10 cents a litre and four cents a litre for diesel. But some farmers may already have been exempt from the federal excise tax on the fuel for their farm's machinery, according to the federal government fuel charge relief guidelines.

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