Canadian oil and gas CEOs take cautious approach during price rout

CEOs of Canadian oil and gas producers said on Tuesday they are seeking to avoid making abrupt decisions about spending or production, as global oil prices hit four-year lows and recession fears grow. Canada, the world's No. 4 oil exporter, was spared the Trump administration's broad global tariffs on April 2 but faces U.S. tariffs on steel and cars. "My suspicion is that most companies will work to invest through this cycle, though I would also say that in price downturns, this industry does a really good job of shedding costs," said Jon McKenzie, CEO of oil sands producer Cenovus…