15:39:08 EST Thu 05 Feb 2026
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TC Energy Corp
Symbol TRP
Shares Issued 1,040,835,168
Close 2026-02-04 C$ 81.02
Market Cap C$ 84,328,465,311
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FP/wire say Enbridge, rival hear Smith rule out Kitimat

2026-02-05 08:09 ET - In the News

See In the News (C-ENB) Enbridge Inc

The Financial Post reports in its Thursday, Feb. 5, edition that Alberta is homing in on potential routes for a proposed new oil pipeline to Canada's West Coast. A Bloomberg dispatch to the Post reports that Premier Danielle Smith says there are "five different ports that are in consideration right now." Her government wants to add enough capacity to carry an additional one million barrels a day to an ocean port, from which it could be shipped to Asian buyers. Alberta has launched technical studies on the project in an attempt to get it approved faster by the federal Major Projects Office. Ms. Smith has ruled out the British Columbia town of Kitimat as an end point, calling the remote community at the end of windy fjords "too complex" for oil tankers. Her criteria suggest Prince Rupert may be the top option. The northern city is already home to Canada's third-largest port after Vancouver and Montreal. It is a key exit point for Alberta commodities such as grain, propane and plastics, as its location gives it faster shipping times to Asia than farther south. Ms. Smith says, "Maybe, it makes more sense to take it up to an area where there's less congestion and it might allow for additional export of other items."

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