Oilsands companies are restoring thousands of barrels of daily production to take advantage of higher oil prices as relaxed pandemic measures allow North American consumers to get back on the road.

Canada is the world's fourth-largest oil producer and the sector accounts for 10.6 per cent of the country's gross domestic product.

"The investment climate is shifting," Trudeau said after Cenovus, Suncor were among those banned from a trillion-dollar investment portfolio.

Canadian Natural Resources Ltd, Cenovus Energy Inc , Suncor Energy Inc, and Imperial Oil Ltd were excluded from the fund due to "unacceptable greenhouse gas emissions."

Suncor Energy Inc. is reporting a first-quarter net loss of $3.525 billion mainly due to asset impairments linked to low oil prices, compared with net earnings of $1.47 billion in the same quarter of last year.

Alberta is temporarily suspending more than a dozen monitoring requirements for oilsands operators that asked it for COVID-19 relief.

Suncor is cutting its 2020 capital spending budget by $1.5 billion or 26 per cent to a range between $3.9 billion and $4.5 billion.

On Monday, Dr. Deena Hinshaw addressed concerns being brought up regarding employees being in close quarters at work camps and construction sites.

The fire was detected in one of the bitumen upgrader's hydroprocessing units and it was shut down, resulting in the fire going out by the time firefighters arrived.

The Impact Assessment Agency of Canada is inviting public and Indigenous comment on a Suncor Energy Inc. project to open a new mine in order to extend the life of its base oilsands processing facilities near Fort McMurray in northern Alberta.