Canada’s Nutrien, a leading global agriculture company and Mangna, a mobility technology company, will face negative economic risks if the United States Givernment hit tariff sanctions on Canada, according to Syntax Data.

Other companies, most of which are from the energy sector that face such risks include- Suncor Energy, Saputo, and Embridge. Others also include- Barrick Gold, TC Energy, and Parkland Crop.

The report, authored by Syntax Data, comes amid fresh tariff threats from the United States Government.

The report said tariffs could impact Canadian industries that rely on the U.S. for trade, along with raising costs for Canadian exporters and potentially disrupting supply chains. As a result, Syntax Data said in the report that it screened for Canadian firms with the largest U.S. revenues and “therefore highest exposure to U.S.-imposed tariffs.”

“The energy sector is at risk given how much business Canadian energy producers do with the U.S. Forty percent of the top 10 companies identified are in energy production, including Enbridge Inc. and TC Energy, which each generate approximately 50 per cent of their revenue in the U.S.,” the report reads.

“With 60 per cent of U.S. crude oil being imported from Canada, a 10 per cent tariff on energy could have major implications for the energy industry. While lower tariffs are likely designed to avoid extreme energy price hikes for U.S. consumers, Canadian energy companies with significant U.S. exposure would face major ramifications.”

However, due to negotiations between the U.S. and Canadian Government, the tariffs has been kept at bay and plans may change, according to a White House official.

An executive order was released last month to delay the sanctions until March 4 to implement a 25 per cent tariff on all Canadian imports with a lower 10 per cent levy on energy, with negota

On Feb. 18, President Donald Trump had said that tariffs on Canada are “going forward on time,” threatening to impose auto tariffs “in “in the neighborhood of 25 per cent.”