100.1 GO FM - We're Your Feel Good Pop Station

BEFORE THE BELL: Trudeau government committed to putting Trans Mountain pipeline back in private hands

Finance Minister Bill Morneau says the government remains committed to putting the Trans Mountain pipeline and its proposed expansion back in private hands.

The Trudeau government bought the project from Kinder Morgan for 4.5-billion dollars.

Morneau unveiled four principles for including Indigenous groups in those discussions in a speech in Calgary.

However, he says timing and details of the sale of the pipeline depend on when it is “de-risked” and therefore can’t be determined until current consultations with affected Indigenous groups are completed.

On the markets, after heavy losses on Friday, the TSX shed another 23 points to close Monday.

Oil fell twenty-two cents to $58.82 U.S. a barrel.

Gold proved popular, jumping .8 per cent to $1,322, its highest close since February 26th.

The loonie crept up 14/100ths of a cent to $0.7461 U.S.

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Two suspects facing charges following alleged assault in Yellowknife Friday

Two people are facing charges and remain in custody following what police said started out as a routine compliance check in the city of Yellowknife on Friday.

Timeline for a return to Yellowknife River water supply “subject to change”

The city of Yellowknife will continue to temporarily supply water from Yellowknife Bay after a transition Tuesday from the Yellowknife River. It is unclear how long the city will keep the temporary supply in place. The transition began about a week ago after several water mains, including one on Finlayson Drive, broke.

Public engagement opens for Integrated Power System Plan

The Northwest Territories Power Corporation (NTPC), Naka Power Utilities (NWT) Ltd. (NAKA), along with the support of the GNWT have begun public engagement on the Integrated Power System Plan (IPSP). 

GNWT releases new flood maps for five communities

The Government of the Northwest Territories has released new flood hazard and flood inundation maps for five of the communities in the NWT with the highest risk of river flooding.  

Disputes arise over cause of Sachs Harbour boil water advisory

Disputes have arisen regarding the true cause of a boil water advisory issued for the community of Sachs Harbour earlier this month. Â