Canadian crude has fallen near record lows, but Canada's minister of natural resources, Jim Carr, still sees investment opportunities in the country.
"It's stable. It's got a long track record in the industry. I'm confident that, even within this transition period, we'll do as well as any other country in making the necessary adjustments," Carr told CNBC's "Squawk on the Street" on Wednesday.
While much of the attention has been on the low prices of West Texas Intermediate and Brent, Canadian oil has been trading much lower. Western Canadian Select, the benchmark for Canadian crude, settled at $19.32 on Tuesday.