U.S. tariffs could lead to a 6.8 per cent drop in output across Canada’s oil, gas and mining sectors over the next five years, a new report has found.
Released Wednesday, Deloitte Canada’s latest price forecast attempted to gauge the impact trade uncertainties would have on Canada’s energy, oil and gas sector.
Andrew Botterill, the lead author of the report and a Deloitte Canada expert on energy and chemicals, said the projected drop in output was calculated in a world where the U.S. puts a blanket 25 per cent tariff on all Canadian exports. He said the “dramatic” decline in oil, gas and mining would likely hit Canada’s economy hard.
“That would be
→ Continue reading at BIV