A major win for Western Canadian energy producers.
Nicholas Lupick, CFA 403-539-8592
On June 18, 2019 the Federal Government has provided final approval of the Trans
Mountain Pipeline Expansion (TMX, the pipeline) with all shortcomings highlighted by the Federal
Court of Appeal (ruled in August 2018) now satisfied. Overall, we view the announcement as being a crucial milestone for one of Canada’s largest economic sectors and the first step to improving investor sentiment as it gradually improves Canada’s energy competitiveness in the global marketplace.
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