Kruger says that while he thinks the U.S. needs Suncor just as it needs the U.S. market, the company's integrated asset base gives it a natural hedge to tariff impacts.
Suncor chief executive Rich Kruger says that while all Canadian businesses will feel a hit from tariffs, his company is fairly well-positioned to limit the impact.
He says the company’s large Canadian refining footprint and higher capacity than peers to export crude from the coast makes it less exposed to tariffs compared with some companies more reliant on shipping unrefined heavy crude south of the border.just as it needs the U.S. market, the company’s integrated asset base gives it a natural hedge to tariff impacts.
He says Suncor looks to be a safe harbour in the event of a North American energy trade war given it refines nearly half of corporate production within Canada.Fixed mortgage rates see some easing amid Trump tariff threats. Here’s whyTariff watch: Nova Scotia starts 1-800 hotline as Trump threat lingers
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