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Canadian Natural Resources Ltd
Symbol CNQ
Shares Issued 2,062,393,699
Close 2026-08-27 C$ 69.03
Market Cap C$ 142,367,037,042
Recent Sedar+ Documents

Globe says Suncor told Smith has a backbone problem

2026-08-28 07:15 ET - In the News

See In the News (C-SU) Suncor Energy Inc

The Globe and Mail reports in its Friday edition that Alberta Premier Danielle Smith has batted away any suggestion that Canada's energy exports should serve as weapons in the trade war against the United States. The Globe's Carrie Tait writes that she and Saskatchewan Premier Scott Moe are adamant that using the natural resources that power their economies as bargaining chips would backfire. The Alberta Premier said that if Canada applied a 50-per-cent export tariff on the four million barrels of oil it sells to the U.S. daily, the Canadian economy would crater. The U.S., she speculated, would immediately respond with energy-export tariffs between 50 per cent and 100 per cent, driving up prices for diesel and gasoline in Ontario and Quebec. Jason Kenney, Ms. Smith's predecessor, said he is baffled by those who insist Canada rule out applying countertariffs to exports such as oil, fertilizer and electricity. "If they're going to just keep threatening ever more painful tariffs on Canada, then surrender is not an option," he told The Globe. "Removing our most potent countermeasures is self-defeating." He also dismissed the notion that Venezuelan oil could replace Canadian crude given the sorry state of that country's oil infrastructure.

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