Source Feed: The Globe and Mail
Author: Lauren Krugel
Publication Date: May 13, 2025 - 15:04
Parkland-Sunoco deal comes amid fraught U.S.-Canada relations, resource nationalism
May 13, 2025
Ottawa is weighing the proposed takeover of Calgary-based Parkland Corp. PKI-T by American fuel distributor Sunoco LP SUN-N at a time of fraught Canada-U. S. relations and amped-up resource nationalism. The US$9.1-billion friendly deal announced last week is subject to a review under the Investment Canada Act, which considers whether it will be a net benefit to the country and any potential harm to national security.
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