14:10:33 EDT Wed 09 Jul 2025
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Exxon Mobil CDR (CAD Hedged)
Symbol XOM
Shares Issued 1,600,000
Close 2025-01-27 C$ 20.54
Market Cap C$ 32,864,000
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NP says Ovintiv, rivals hear Trump needs Canadian oil

2025-01-28 09:24 ET - In the News

See In the News (C-OVV) Ovintiv Inc

The National Post reports in its Tuesday, Jan. 28, edition that President Donald Trump's apparent disinterest in Canada may mask a desire for its resources. The Post's John Ivison writes that at the World Economic Forum, Mr. Trump claimed, "We don't need them" regarding Canadian cars, lumber and oil. He suggested that poor U.S. management has led to an imbalanced trade situation, asserting that the U.S. is "paying $200-billion (U.S.) a year to keep Canada going," despite the U.S. Bureau for Economic Analysis reporting a goods and services trade deficit of only $40.6-billion (U.S.). This inflated figure has been used to justify the 25-per-cent tariffs on Canadian exports that Mr. Trump plans to impose. His willingness to threaten trade with an ally sets a concerning tone for his presidency. The American Petroleum Institute (API) boss Mike Sommer told Politico's E&E News last week, that tariffs on Canadian oil would hit gas prices in the U.S. The API represents major energy firms including Exxon Mobil, Chevron, Enbridge, Ovintiv and TC Energy. Mr. Sommer said, "We're going to continue to work with the Trump administration on this so that they understand how important it is that we continue these trade relationships."

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