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Suncor Energy Inc
Symbol SU
Shares Issued 1,244,600,884
Close 2025-01-20 C$ 57.15
Market Cap C$ 71,128,940,521
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Globe says Suncor, rivals face Trump tariff threats

2025-01-21 07:45 ET - In the News

Also In the News (C-ATH) Athabasca Oil Corp
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The Globe and Mail reports in its Tuesday edition that Canada's oil and gas sector faces tariff threats, but officials felt relief Monday when U.S. President Donald Trump did not impose duties on energy imports. The Globe's Emma Graney and Jeffrey Jones write that the new President's push for U.S. energy independence and increased domestic production creates uncertainty for the Canadian industry. Canada and the U.S. have the largest bilateral oil-trading relationship globally. Tariffs remain a possibility as Mr. Trump has instructed federal agencies to assess trade relations with China, Mexico and Canada. He said 25-per-cent tariffs on Canadian imports could start Feb. 1. Canada's energy industry was blindsided in November by Mr. Trump's threat of across-the-board tariffs on imports, which it said would disrupt decades of free trade and push up fuel prices for American consumers. Wellington Advocacy lawyer Andrea van Vugt says Mr. Trump's comments do not change the fact that "the energy relationship between Canada and the U.S. is one of the most important elements of the relationship between our two countries." She emphasizes that energy independence is a gradual process, and Canada remains a preferred partner.

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