07:37:57 EDT Wed 08 May 2024
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or Name
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CA



TransCanada Corp
Symbol TRP
Shares Issued 863,698,275
Close 2017-01-23 C$ 62.54
Market Cap C$ 54,015,690,119
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Globe says TransCanada's XL gets federal backing

2017-01-24 07:48 ET - In the News

The Globe and Mail reports in its Tuesday edition that the Liberal government is playing Canada's energy card as it seeks to ensure the country remains relatively unscathed by the promised protectionism of U.S. President Donald Trump's new administration. The Globe's Shawn McCarthy writes that in meetings with U.S. counterparts, federal ministers and officials are stressing the integrated nature of the continental energy market and that Canada provides an abundant source of affordable, reliable energy. The Trump administration is expected to announce in the coming days how it plans to approve TransCanada's Keystone XL pipeline from Alberta to refineries in Texas. More broadly, Prime Minister Justin Trudeau and Natural Resources Minister Jim Carr are touting the benefits of energy imports from Canada, even as the new regime in Washington promotes its plan to boost U.S. production and lessen the country's dependence on foreign oil. Heading into the cabinet meeting Monday, Mr. Carr said Canada's energy bounty is a source of strength in the bilateral relationship. "We think it's a strength, and it's in the interest of both countries to develop that strength and build on it," he said.

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