Oil Canada

Trump, who takes office on Jan 20, said on Monday he would impose a 25 per cent tariff on imports from Canada and Mexico until they clamped down on drugs and migrants crossing the border

The move appears to insulate domestic companies from takeovers when the world's biggest mining firms are hunting for metals that underpin the global transition away from fossil fuels

Oil fell on Monday, surrendering gains made after Canada's most destructive wildfire in recent memory knocked out over a million barrels in daily production capacity, as caution among investors prevented a return to late April's 2016 price highs.The lost capacity is equivalent to well over a third of the country's typical daily production, and almost all of Canada's crude from oil sands is exported to the United States.US crude futures fell by 15 cents to $44.51 a barrel by 1252 GMT, having risen earlier by as much as $1.28, while Brent crude fell 33 cents to $45.04 a barrel. The fire, which broke out on May 1, has forced three major oil firms to warn they will be unable to deliver on some contracts for Canadian crude."We believe that support to prices should remain short-lived. The market remains awash with oil as rising Middle Eastern output is more than offsetting declining US shale production and the various temporary disruptions," said Norbert Ruecker, head of commodities researc