China is buying much more oil from Canada now than the US which helps Canada get stronger too.
China is buying much more oil from Canada now than the US which helps Canada get stronger too.
This isnβt true. Careful where you get your facts and who told you that. Canada is already at capacity for what we sell to China. Eventually we are pulling away but itβs very complicated infrastructure. The Canadian oil company my husband works for owns American refineries. Itβs so interconnected
TMX won't reach nameplate capacity until 2028. On top of that, they are looking at increasing capacity by 33%. Less than half of current TMX exports goes to China. So there is actually huge potential to increase exports to China.
I looked it up online, there are various publications that confirm this.