
Prime Minister Mark Carney has played down concerns that U.S. President Donald Trump’s pledge to boost oil production from Venezuela will have an impact on Canada’s energy sector.
Mr. Trump has made it clear that the U.S. military action in Venezuela and the capture of President Nicolás Maduro was precursor to taking control of the country’s vast oil reserves and its energy infrastructure. That could ultimately lead to a surge of Venezuelan oil on global markets which would pose a challenge to Canada’s oil production.
