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TransCanada Corp
Symbol TRP
Shares Issued 923,545,486
Close 2019-04-18 C$ 62.64
Market Cap C$ 57,850,889,243
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FP/CP say Kenney makes TransCanada political football

2019-04-18 09:23 ET - In the News

The National Post reports in its Thursday edition that Quebec Premier Francois Legault has congratulated Jason Kenney on his electoral victory in Alberta while also reminding the incoming premier that Quebec's position on oil pipelines has not changed. A Canadian Press dispatch to the Post quotes Mr. Legault saying that all parties in Quebec's legislature oppose any new oil pipelines. The Premier says that the province already receives more than half its oil from Western Canada and is open to a proposed natural gas pipeline coming from Alberta. Mr. Kenney told supporters Tuesday night after his United Conservatives won a majority government that Alberta's economy is desperate for a pipeline that can carry oil to international markets. Speaking in French, Mr. Kenney said his province needs pipelines for the prosperity of all Canadians. Mr. Kenney praised the Legault government's commitment to reducing Quebec's dependence on equalization transfers. Mr. Legault blames the previous Liberal government for making the province more dependent than ever on equalization. TransCanada abandoned a cross-Canada pipeline project, Energy East, in 2017, following protests in Quebec and changes to federal environmental laws.

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