General Discussion

I am only speaking to oil. The net back to exporting oil to China or EU is lower than the return selling it to the US. Canada nets less money. That’s with what volume they can get to a port. China buys Russian and Iranian oil at a substantial discount to Brent already.

The Canada economy is not better, especially when the take away is that although it’s .o4% for a decade…you thought it would be negative.

I’ve really not been in Canada for a year. My impression was that things were more expensive, maybe less so with the exchange rate. Gasoline was way more expensive(30% ish) than the states. On a gallon bases over a dollar more.

I hope Canada is able to secure export deals that will allow them to export profitably enough to cover budgets. I’m pointing to risk. I have meetings in the morning that have been called that will likely include this subject.