Another trader said: "This is to me clearly part of the diplomatic dispute between Saudi Arabia and Canada, there is no other reason".
"Canada will always stand up for the protection of human rights, including women's rights and freedom of expression around the world".
"Canadians expect our foreign policy to be driven by and to embody Canadian values, and that is how we intend to continue our foreign policy".
The clash between Saudi Arabia and Canada is intensifying and has provoked Saudi Airlines to suspend flights to and from Canada starting August 13.
Saudi Arabia operates at least two routes to the country, both of which depart from Toronto.
The office of Foreign Minister Chrystia Freeland did not respond to requests for comment.
Thomas Juneau, an assistant professor at the University of Ottawa, said it is hard to determine what the economic impact on Canada would be without specifics on which trade deals will be affected.
Saudi Arabia has blasted what it calls Canadian interference in its domestic affairs after a tweet on Sunday from the official Global Affairs Canada Twitter account saying there were "grave concerns" over the recent arrests of activists and calling for their "immediate release".
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Media captionSaudi Arabia's permanent representative to the United Nations confirmed the change in policy What has the relationship between Saudi Arabia and Canada been like in the past?
Canada tweeted that it was "gravely concerned" about a new wave of arrests of women's-rights activists in the kingdom, which angered Saudi Arabia and prompted the country to retaliate with a series of diplomatic measures aimed at signalling its strength.
Tension began to build on Thursday after Canadian Foreign Affairs Minister Chrystia Freeland tweeted she was alarmed to learn that Samar Badawi, Raif Badawi's sister, has been imprisoned in Saudi Arabia.
In the statement, the ministry said, "Oman is following the current political situation between Saudi Arabia and Canada and affirms its position of not interfering in the internal affairs of other countries".
The news comes just weeks before thousands of Canadians are expected to travel to Saudi Arabia to perform Hajj.
Following this move, a new report from Saudi-owned media outlet Al Arabiya revealed that "training, scholarships and fellowships" for Saudi students in Canada are now being shelved.
Bessma Momani, an analyst on Middle East affairs and professor at the University of Waterloo, said the move will resonate domestically.
'There isn't a strong bilateral trade relationship and poking the Trudeau government likely resonates with Saudi's hawkish regional allies.