Canadian Oil Companies Fall After Trump Vows New Tariffs

• Canadian oil and gas producers fall after Donald Trump pledged big tariffs on imports from its neighbor on Monday
• The U.S. president-elect said he would impose a 25% tariff on imports from Canada and Mexico until they clamped down on drugs, particularly fentanyl, and migrants crossing the border
• Cenovus Energy, Imperial Oil, Suncor Energy and Canadian Natural Resources down between 1.1% and 2.9%
• Vast majority of Canada’s 4 million barrels per day (bpd) of crude exports go to the United States

Reporting by Sourasis Bose in Bengaluru

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