Saint John, New Brunswick, is confronting significant trade challenges, with the oil industry bearing the brunt of the impact. The recent imposition of 25% tariffs by the United States on Canadian goods threatens to disrupt the city’s economic stability, particularly affecting its pivotal oil sector.​

Home to Canada’s largest oil refinery, Irving Oil, Saint John’s economy is deeply intertwined with the energy sector. The refinery processes over 320,000 barrels daily, with more than 80% exported to the U.S. These tariffs could lead to increased costs for U.S. consumers and jeopardize energy security across the region. ​

The Atlantica Centre for Energy emphasizes that the integrated energy systems of Atlantic Canada and New England are at risk. The Centre warns that consumers and businesses on both sides of the border may face higher energy prices, undermining the energy security that both regions rely on.

Local leaders express concern over the potential economic repercussions. Fraser Walls, board chair of the Saint John Chamber of Commerce, fears a multi-billion dollar impact on the local economy, noting that in 2023, New Brunswick exported $15.5 billion worth of goods to the U.S., with a significant portion originating from Saint John. ​

The situation underscores the need for collaborative efforts between government and industry leaders to resolve these trade disputes. Protecting Saint John’s economic future requires safeguarding its vital oil industry and maintaining the longstanding trade relationships that have benefited both Canada and the United States.​