01:39:50 EDT Fri 26 Apr 2024
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or Name
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CA



Enbridge Inc
Symbol ENB
Shares Issued 846,209,196
Close 2014-07-28 C$ 55.17
Market Cap C$ 46,685,361,343
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Globe says Tory file on Enbridge, rival not faring well

2014-07-29 06:57 ET - In the News

Also In the News (C-TRP) TransCanada Corp

The Globe and Mail reports in its Tuesday, July 29, edition that the Tory government is depending on jobs, trade and pipelines to usher in an economic success story. The Globe's Lawrence Martin writes that Ottawa's three pillars for economic success are starting to look wobbly. News out of Germany is that it may reject the free trade deal between Canada and the European Union. That would be a disaster. The agreement was touted by the Harper government as being almost as significant as the free trade pact with the United States. Germany is opposed to certain clauses in the pact. A return to the negotiating table seems likely. For pipelines the news is all bad. Prospects for the construction of Enbridge's Northern Gateway pipeline have tumbled since the Supreme Court decision last month which effectively gives aboriginal groups more powers of control over lands slated for development projects. The Tories have been foursquare behind Gateway, as well as TransCanada's Keystone XL pipeline whose fate is also in great doubt. As for jobs, the economy's continues to slide on job creation. The outlook, according to Bank of Canada Governor Steven Poloz, is not brightening.

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