Carney rejects idea of using oil as weapon against US tariffs

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Mark Carney, a prominent figure in Canadian economic policy, has rejected the notion of using oil supply as leverage against potential U.S. tariffs. He emphasized that curbing oil exports could harm Canada’s reputation as a reliable energy supplier, aligning with Alberta’s stance against such measures. This statement follows his earlier comments that all options were on the table if the U.S. imposed substantial tariffs on Canadian goods. Market pricing currently reflects decreased expectations for crude oil reaching new all-time highs in the near term.

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