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TC Energy Corp
Symbol TRP
Shares Issued 1,041,218,496
Close 2026-02-17 C$ 84.91
Market Cap C$ 88,409,862,495
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Globe says B.C. pleased with TC Energy's gas royalties

2026-02-18 07:28 ET - In the News

The Globe and Mail reports in its Wednesday edition that the B.C. government is forecasting that the natural gas industry will play a larger role as the top driver of provincial resource revenue, while warning about tough times in forestry. The Globe's Brent Jang writes that natural gas royalties are expected to ring in at nearly $1.3-billion for the 12 months ending March 31, 2027, up 38 per cent from the current fiscal year, according to the B.C. budget tabled on Tuesday. The B.C. government is expecting $521-million in forestry revenue for the 2026-27 fiscal year, down sharply compared with several years ago. U.S. import taxes on softwood lumber currently total 45.16 per cent on most Canadian producers, including anti-dumping and countervailing duties of 35.16 per cent and tariffs of 10 per cent. Finance Minister Brenda Bailey predicts a record $13.3-billion deficit in the next fiscal year, widening when compared with the current $9.6-billion deficit. Ms. Bailey is optimistic about liquefied natural gas. TC Energy is piping in natural gas to the LNG Canada export terminal in Kitimat. Phase 2 has yet to be decided, and two B.C. projects are under construction: Woodfibre LNG near Squamish and Cedar LNG in Kitimat.

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