Canadian energy companies continue decline after Reuters announces Trump's crude oil tariffs – 11/26/2024 at 7:45 p.m.

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

(Updates)

November 26 – ** Canadian oil and gas producers fall after Donald Trump promises to impose major tariffs on imports from his neighbor on Monday

** Reuters reports that Trump's plan to impose 25% tariffs on Canadian and Mexican imports on his first day in office does not exempt crude oil from trade penalties

** The president-elect of the United States said Monday he would impose 25% tariffs on imports from Canada and Mexico until they crack down on drugs, particularly fentanyl, and migrants crossing the border

** Cenovus Energy CVE.TO, Imperial Oil IMO.TO, Suncor Energy SU.TO and Canadian Natural Resources CNQ.TO down 1.8% to 3.6%

** The vast majority of the 4 million barrels per day of crude exported by Canada are destined for the United States.