Tim McMillan, president and CEO of the Canadian Association of Petroleum Producers, said further politicization of the Alberta-B.C. "Any time that trade issues get ramped up and there's a politicization of them, people get injured, businesses get injured. gets huge revenues from gas that's produced in the northeast that's shipped through Alberta toll-free," Kenney told radio station CKNW. Reputational risk aside, the real-dollar differential between the price of Canadian oil versus global benchmarks has grown in recent days, reaching a discount of half price for Canadian crude. Much of that differential can be attributed to Canadian pipeline bottlenecks and the resurgence of the shale oil industry in Canada's biggest consumer-turned-competitor, the United States.

Source: CBC News February 08, 2018 00:33 UTC