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or Name

TransCanada Corp
Symbol TRP
Shares Issued 863,653,550
Close 2016-12-13 C$ 60.60
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Globe says TransCanada's KXL might be fleeting win

2016-12-14 08:56 ET - In the News

The Globe and Mail reports in its Wednesday edition that the new Team Trump is being greeted with glee in some quarters of Canada's oil patch. The Globe's Jeffrey Jones writes that the chief executive officer of Exxon has been named as secretary of state, the former governor of Texas as energy secretary and one of the harshest foes of the U.S. Environmental Protection Agency will probably lead it. Others will question what the long-term costs will be of a pushback on years of social and environmental progress as well as international co-operation. This is especially true as Canada moves ahead with trying to square the concepts of environmental improvements and increasing energy trade. TransCanada's $8-billion (U.S.) Keystone XL pipeline looks to be rising from its deathbed as president-elect Donald Trump pledges to approve it. However, Canada could be on the losing end of an export battle with the the U.S., which will increasingly become a competitor, in key markets such as China. Mr. Trump's appointments raise more questions about a Trump cabinet populated by business interests, and those close to them, and not the outsiders the candidate had suggested would help him "drain the swamp."

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