Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
Our Canada team drove meaningful growth despite tariff-related macroeconomic uncertainty.
The dynamic tariff environment persisted and our exposure was less than expected in the quarter.
there's been noise with tariffs, there has been noise with maybe a change of priorities, et cetera. But overall, it's just a very consistent environment.
we had factored into our guidance some potential impact from tariffs, which did not materialize.
We continue to focus on the factors within our control and as we said on the first quarter earnings call, have prepared for a more difficult second half, particularly given the strong prior year comparison in the third quarter of last year.
Importantly, as it relates to our business, we've not called out any material impacts as a result of tariffs.
This includes the expected impact from tariffs that are currently in place.
However, uncertainty related to U.S. trade policies centered on high tariffs continues.
That said, the refining outlook remains constructive for Suncor with positive supply-demand balances, low product inventories, especially in distillate and announced refinery closures supporting demand for our exports.
Markets have responded quite well to progress by the administration on tariff negotiations and tax policy.