All this does not help Freeland in her failed NAFTA negotiations with the US who apparently have a low opinion of her already as previously posted.
Bet foreign arms salespeople are hovering around now to make a deal with the Saudis. IMHO the workers in London should be worried. If the Saudis cancel the contract, I am sure a long, long court case will ensue, but production will slow/stop.
https://nationalpost.com/news/canada/saudi-arabia-stops-medical-treatment-programs-in-canada-and-aims-to-move-patients-from-hospitals
Saudi Arabia stops medical treatment programs in Canada, aiming to move patients from hospitals - 8 Aug 18
The kingdom has also suspended educational exchange programs with Canada while state airline Saudi said it was suspending flights to and from Toronto
https://business.financialpost.com/news/economy/saudi-arabia-sells-off-canadian-assets-as-dispute-escalates-ft
Saudi Arabia is disposing of Canadian assets ‘no matter the cost’, FT reports - 8 Aug 18
Saudi Central bank and state pension selling Canadian equities, bonds and cash holdings
And:
http://www.cbc.ca/news/business/saudi-arabia-canada-economic-impact-1.4777407
Saudi Arabia to sell off Canadian assets and stop buying Canadian wheat and barley - 8 Aug 18
Extract: Canada sold 66,000 tonnes of wheat to Saudi Arabia last year, and slightly more the year before that, Statistics Canada data shows. In the first five months of the year, Canada has yet to book any wheat sales this year. But Canada sold 66,000 tonnes of barley to Saudi Arabia in 2016, and twice that last year. In 2015, Saudia Arabia-based Saudi Agricultural and Livestock Investment Company was part of a consortium that bought a controlling interest in the Canadian Wheat Board for $250 million.
https://business.financialpost.com/news/economy/spat-with-saudis-hits-home-for-ontario-plant-making-armoured-vehicles-for-regime?utm_campaign=magnet&utm_source=article_page&utm_medium=related_articles
Saudi Arabia spat with Canada hits home at armoured vehicle plant in Ontario with 2,000 jobs on the line - 7 Aug 18
Fears grow a $15-billion contract at a London, Ont., plant to make armoured vehicles for Saudi Arabia may be at risk
Extract: The 14-year arms deal, which directly employs 2,000 people, was described at the time by the previous federal Conservative government as the largest advanced manufacturing export contract in Canadian history.
https://business.financialpost.com/commodities/why-it-wont-be-easy-for-quebec-and-atlantic-canadian-refineries-to-replace-saudi-oil
Why it won't be easy for Quebec and Atlantic Canadian refineries to replace Saudi oil - & Aug 18
'We are in a world where 100,000 bpd is significant' — only a few producing countries, including Saudi Arabia, have spare capacity
Extract: Saudi Arabian oil imports in Canada have been steadily increasing for years. National Energy Board data show the kingdom shipped an average of 102,000 barrels of oil per day to Canada last year, which was also up 17 per cent from an average of close to 87,000 bpd in 2016. It has consistently been among the five largest sources of foreign oil for Eastern Canadian refineries in recent years and an important feedstock for refineries in Quebec, New Brunswick and Newfoundland. If the Saudi government’s threat includes oil market transactions with private-sector companies in Canada, the effects would be damaging for the country’s refining sector, ARC Energy Research Institute executive director Peter Tertzakian said. “We are in a world where 100,000 barrels per day is significant,” Tertzakian said, adding that oil markets are currently tight and only a few producing countries – including Saudi Arabia – have spare capacity. As a result, he said that Canadian refineries would be challenged to replace 100,000 bpd of oil supply without incurring significant additional costs.
