19:34:16 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



TC Energy Corp
Symbol TRP
Shares Issued 1,037,487,829
Close 2023-11-13 C$ 49.53
Market Cap C$ 51,386,772,170
Recent Sedar Documents

Globe says Enbridge keen to sell stuff to first nations

2023-11-14 09:05 ET - In the News

See In the News (C-ENB) Enbridge Inc

The Globe and Mail reports in its Tuesday edition that Canada's largest utilities are holding a yard sale -- and federal government is poised to help indigenous investors go bargain shopping. The Globe's Andrew Willis writes that TC Energy, Enbridge, Emera and a long list of smaller players are selling everything from pipelines to renewable power plants to pay down debt and finance new projects. For indigenous investors, keen on owning stakes in projects built across their lands, the current market dynamics represent a generational opportunity. The biggest barrier to investing is a lack of cash, especially debt financing. For reasons rooted in legislation, it is difficult for indigenous groups to borrow. However, political circles there is speculation that in the near future, federal Finance Minister Chrystia Freeland will introduce an indigenous loan guarantee program. The move would provide much-needed capital for investments in infrastructure projects. With the stroke of a pen, the Finance Minister could empower indigenous groups and promote reconciliation. Mr. Willis notes that indigenous leaders and some of the country's largest companies have spent years lobbying for a federal financial backstop.

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