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Stock impact report

Posthaste: This dormant pipeline needs to be restarted for the sake of Canada, economists say [Yahoo! Finance Canada]

TC Energy Corporation (TRP) 
Last tc energy corporation earnings: 5/1 07:30 am Check Earnings Report
US:NYSE Investor Relations: transcanada.com/en/investors
TC Energy Corp. ‘s Line 2 has been inactive for more than a decade, but economists at National Bank say now is the time to restart the pipeline, which runs through Ontario and Quebec and forms part of the Canadian Mainline. The Mainline currently transports gas from Alberta into the Prairies, Eastern Canada and the United States. “Ottawa's newly articulated defence industrial strategy, combined with a more unstable geopolitical backdrop, strengthens the case for eastbound gas infrastructure as a pillar of industrial resilience and national security,” Pat Kenny, Dan Payne and Stefane Marion said in a note. “A stronger East–West energy corridor would anchor the Alberta–Ontario–Quebec industrial partnership, reduce reliance on foreign supply and ensure Canadian resources power Canadian prosperity.” The trio estimate the additional natural gas from a reopened Line 2 could generate electricity equivalent to 20 per cent of the peak demand in Ontario. Electricity demand in Ontario Show less Read more
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