PODCAST: Why Venezuelan oil isn't a threat to Canada - for now

Welcome to this episode of the Rob Breakenridge Show, as we delve into the biggest story of the new year: the American intervention in Venezuela and the US president’s desire to dramatically ramp up Venezuelan oil production and exports.Given that Venezuela’s heavy crude is very similar to the product Canada exports, could this represent a threat to Canada’s market share in the US? We’ll get some insight from commodity analyst Rory Johnston.We’ll also hear from Servus Credit Union chief economist Charles St-Arnaud, who argues in a new report that this should be a wake-up call for Canada and add further urgency to efforts to build the necessary infrastructure for Canada to diversify its trading partners and reduce its reliance on the US. Get full access to Rob Breakenridge at robbreakenridge.substack.com/subscribe