Canada’s largest oil and gas producer said the production boost comes with an increase in capital spending in 2025 to $6.15 billion, up from $5.4 billion in the previous year.

Trump has threatened a tariff on goods from Canada if the country does not clamp down on immigration and the flow of drugs across its border with the U.S.

But since winning a second term, the president-elect has been embracing a new imperialist agenda, threatening to seize the Panama Canal and Greenland — perhaps by military force — and saying he will use economic coercion to pressure Canada to become the nation's 51st state.