The report lists the first 10 Canadian companies most exposed to the risk of American rates

A new report presents the first 10 Canadian companies that are facing disadvantages if American rates are adopted, almost half of the companies on the list operating in the energy sector.

The report, author of syntax data, comes against the background of new tariff threats from the US, Monday, Said President Donald Trump That rates on Canada “go on in time”, with an executive order that was delayed until March 4 to implement a 25 % rate for all Canadian imports, with a 10 % energy tax. Wednesday confirmed a white house official The tariff plans could change as a result of the negotiations.

The report said that the rates could have an impact on the Canadian industries that are based on the US for trade, along with increasing the costs for Canadian exporters and the potential for disrupting supply chains. As a result, the syntax data said in the report that they were analyzed for Canadian companies with the highest US revenues and “Therefore, the highest exposure to the US tariffs.”

“The energy sector is in danger, given how much Canadian energy producers do with the forty percent of the first 10 companies identified in energy production, including Enbridge Inc. And TC Energy, which each generates about 50 % of their income in the US, ”the report shows.

“With 60 % of the US gross oil being imported from Canada, a 10 % energy rate could have major implications for the energy industry. While lower rates are probably designed to avoid extreme increase in energy prices for American consumers, Canadian energy companies with significant exposure in the US would face major branches. ”

Company Name	subsector	Income affected by tariffs (USD MM)	Percent of US revenue
Nutrient	Chemicals	$ 17,656	60.8%
Enbridge	Energy	14,978 USD	45.5%
Magna	Car	$ 10.855	25.4%
Tc energy	Energy	$ 6.276	52.2%
Barrick Gold	Mining	$ 6.051	53.1%
Saputo	Food	5.781	45.0%
Bausch Health	Health	$ 5.194	59.3%
Bomber	Capital goods	$ 5.089	63.2%
Parkland Corp	Energy	$ 4.915	20.1%
Suncor Energy	Energy	$ 4,860	13.1%

(Source: Syntax data)

Ellison Kandler, an SVP and head of equity at Syntax Data, said in an interview with BNN Bloomberg on Monday, that the report seems to break down the complex information chain in a database, which “allows an investor to know exactly what can be in danger here.”

He added that the rates are very complex, and investors must be able to determine how companies can be affected.

“Given how complicated the story is, companies are more than their income and are multinational. Have operations worldwide. So, these companies do not only get revenues in the United States, but they can have operations there, ”he said.

Nutrien, the fertilizer manufacturer based in Saskatoon, is the company considered the most in danger in the report, mentioning that it generates 61 % of its annual revenues or around $ 17.66 billion in American transactions. As a result, its customers could face $ 4.41 billion in additional costs due to tariffs.

“Agriculture is obviously a great cross -border, and agricultural products will be essentially rates. And what we look is, in essence, the potassium mines in Saskatchewan will be prepared for the fare … A lot of nitrogen facilities are actually located in the United States, “Kandler said.

Enbridge, based in Calgary, was identified as the second largest risk company, Kandler stressing that it has pipes “crossing the US border.”

“The interesting thing about Enbridge is that it is in that energy tariff, which, in essence, decided to lose not 25 %, but 10 %potential. This is a recognition of the fact that much of the energy that the United States brings is essentially refined by US refineries and is then used here at home or sent throughout the world, ”he said.

“I think this is more a recognition of the fact that energy, which I think is also the largest component of the commercial deficit between the United States and Canada, is a major kind of to be a little careful.”

Magna International, a car parts manufacturer in Ontario, was listed as the third largest risk company in the report.

“Not only are they super integrated into the North American car ecosystem, but they have a separate set of rates on car products, as well as semiconductors, pharmaceuticals that can be completely separated from Canadian rates,” Kandler said.

On February 18, Trump said he intended to impose car tariffs “in the 25 %neighborhood”.

Lats Week, Flavio Volpe, president of the Association of Manufacturers of Automotive Pieces, told Bnn Bloomberg that the North American auto industry will “close” earlier before operating below 25 % rates.