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After Trudeau reelection, Canadian oil company immediately moves its headquarters to U.S.
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After Trudeau reelection, Canadian oil company immediately moves its headquarters to U.S. 

One of Canada’s largest oil companies, Encana Corp., has announced its plans to move its headquarters to the U.S. and drop links to Canada from its name, rebranding as Ovintiv Inc.

According to the Financial Post, this latest announcement will surely intensify uncertainty surrounding Canada’s energy sector, which has been “choked off [of] prospects for growth, prompting foreign companies to ditch more than US$30 billion of assets in the past three years.”

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