1147 ET - President Trump's heavy use of tariffs mayultimately be positive for Canada, its energy industry and Keyera, the energy-infrastructure company's CEO says. Dean Setoguchi tells analysts the threat of U.S. tariffs is a much needed call to action. "Rarely have we seen our federal and provincial governments, so aligned on the need to improve Canada's competitiveness and diversify our market access." Keyera doesn't expect a material hit directly from tariffs, and anticipated levies on iso-octane will most likely be offset by lower butane input costs, higher spreads and beneficial forex movements, Setoguchi says. Keyera produces about 14,000 barrels a day of iso-octane, while octane demand in North America is in excess of 1 million barrels a day. (robb.stewart@wsj.com; @RobbMStewart)
(END) Dow Jones Newswires
February 13, 2025 11:47 ET (16:47 GMT)
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