Long-term U.S. tariffs could devastate Canada’s energy sector, Deloitte warns

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A 25% U.S. tariff could slash Canada's oil, gas and mining output by nearly 7% by 2030, says Canada's largest professional services firm. 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...