The pipeline's expansion project, which has so far cost C$34 billion ($24.72 billion), nearly triples its capacity to ship oil from Alberta to Canada's...
- Oil pipeline operator Trans Mountain plans to borrow in the bond market to refinance some of its outstanding debt before the Canadian government eventually sells it, Bloomberg News reported on Monday, citing people familiar with the matter.The pipeline's expansion project, which has so far cost C$34 billion , nearly triples its capacity to ship oil from Alberta to Canada's Pacific coast to 890,000 barrels per day.
The pipeline, which was purchased by the Canadian government in 2018 to ensure it got constructed, began commercial operations on May 1, after years of regulatory and cost-related delays.Earlier this year, the country was amending regulations on how it manages the state-owned pipeline to facilitate its sale to Indigenous groups.
Drivers in Canada are facing a surge in auto insurance premiums despite a 17 per cent decrease in the national auto theft rate this year. According to a recent survey by Ratehub.ca, 48 per cent of respondents reported a significant increase in their auto insurance costs. Anne Gaviola explores why premiums are rising now and how drivers can try to limit their impact on household budgets.
Many of the marquee names in Democratic politics began quickly lining up behind Vice President Kamala Harris on Sunday, but one towering presence in the party held back: Barack Obama. The former president has not yet endorsed Harris; in fact, he did not mention her once in an affectionate — if tautly written — tribute to President Joe Biden that was posted on Medium shortly after Biden decided to bow out Sunday.
Democrats seized on Donald Trump's age Sunday—turning Republicans' attack on Joe Biden back on them.“The man is nearly 80-years-old and so the question is, can he serve another four years? I'm not sure he can,” former South Carolina state representative Bakari Sellers told CNN.The attack was unavailable to the party until 1.46pm on Sunday when Biden stepped aside but was waiting in plain sight.Read more at The Daily Beast.
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