Trans Mountain approved for more loan guarantees as costs soar
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Trans Mountain approved for more loan guarantees as costs soar
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Trans Mountain approved for more loan guarantees as costs soar
Description
January 12, 2024
The Trans Mountain pipeline expansion project in Western Canada, purchased by the federal Liberals in 2018 for $4.7 billion, is now going to cost at least $35 billion to complete. Global News has learned that Trans Mountain secured another government-backed commercial loan guarantee worth $2 billion, and quietly wrote off $1 billion from its balance sheet as project costs soar. Kamyar Razavi reports.
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Trans Mountain approved for more loan guarantees as costs soar02:22 | January 12, 2024
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Overwhelmed by the cost of pet medications? Competition bureau looking to drive down prices01:49 | November 1, 2024
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2024 Silver Cross Mother remembers the sons she lost to PTSD02:11 | November 1, 2024
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Alberta tables bills affecting transgender youth, student pronouns, sex education02:05 | October 31, 2024
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As possible Canada Post strike looms, who could see biggest impact?01:41 | October 31, 2024
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Taylor Swift ‘Eras’ Tour hit Toronto: ‘No threats at this time,’ police say04:10 | October 31, 2024
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‘Yield Star’ landlord price-fixing scheme to be investigated, feds say01:12 | October 31, 2024
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Business Matters: Canada’s economy stalled in August amid rail shutdown02:21 | October 31, 2024
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Push to criminalize residential school denialism in Canada: ‘Difference between free speech and inciting hate’05:35 | October 31, 2024
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Canada must double defence spending to meet NATO target, PBO report finds01:30 | October 30, 2024
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How the U.S. election could affect Canada’s energy sector02:02 | October 30, 2024
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Canada’s defence spending must double to meet NATO targets: PBO02:04 | October 30, 2024
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Liberal caucus shift focus from Trudeau future to defeating Conservatives02:03 | October 30, 2024
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U.S. election 2024: Trump, Harris virtually tied in polls02:09 | October 30, 2024
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Singh says NDP won’t play ‘games’ and help Bloc, Tories topple Liberals01:54 | October 30, 2024
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Trudeau asked Canada’s spy agencies to ‘figure out a way’ to give Poilievre foreign interference info02:00 | October 30, 2024
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Ontario budget 2024: Deficit projected to be at $6.6B — an improvement of $3.2B, finance minister says01:26 | October 30, 2024
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India is ‘emerging threat’ to Canada’s cyber security: report01:25 | October 30, 2024
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Business Matters: 1 in 4 Canadians are spending more than $100 on Halloween, poll shows01:56 | October 30, 2024
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Atlantic Canada’s first marine mammal necropsy lab opens in N.S.01:49 | October 29, 2024
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‘You should be ashamed’: Indigenous services minister grilled over procurement problems01:37 | October 29, 2024
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Scott Moe, Saskatchewan Party re-elected with majority government02:00 | October 29, 2024
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Trudeau’s national security adviser says Indian counterpart rejected RCMP interference allegations01:58 | October 29, 2024
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Trans Mountain approved for more loan guarantees as costs soar02:22 | January 12, 2024
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Impact U.S. presidential election could have on Canada05:25 | 2 hours ago
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‘Worrisome’ U.S.-Canada border concerns with a 2nd Trump term06:54 | 3 hours ago
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Former chief of defence staff calls NATO budget fallout ‘horrific’13:14 | 3 hours ago
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Pressure mounts for AG to investigate Indigenous procurement program01:42 | 5 hours ago
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India slams Canada for linking home minister to Sikh plots02:29 | November 2, 2024
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Trudeau says Diwali message of ‘light over darkness’ important to all Canadians00:37 | November 1, 2024
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Alberta’s Danielle Smith faces crucial leadership vote01:55 | November 1, 2024
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Overwhelmed by the cost of pet medications? Competition bureau looking to drive down prices01:49 | November 1, 2024
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2024 Silver Cross Mother remembers the sons she lost to PTSD02:11 | November 1, 2024
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1st Canadian lunar rover goes on test run01:59 | October 31, 2024
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Alberta tables bills affecting transgender youth, student pronouns, sex education02:05 | October 31, 2024
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As possible Canada Post strike looms, who could see biggest impact?01:41 | October 31, 2024
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Taylor Swift ‘Eras’ Tour hit Toronto: ‘No threats at this time,’ police say04:10 | October 31, 2024
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‘Yield Star’ landlord price-fixing scheme to be investigated, feds say01:12 | October 31, 2024
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Halloween weather overview from coast to coast01:57 | October 31, 2024
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Business Matters: Canada’s economy stalled in August amid rail shutdown02:21 | October 31, 2024
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Push to criminalize residential school denialism in Canada: ‘Difference between free speech and inciting hate’05:35 | October 31, 2024
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Canada must double defence spending to meet NATO target, PBO report finds01:30 | October 30, 2024
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How the U.S. election could affect Canada’s energy sector02:02 | October 30, 2024
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Canada’s defence spending must double to meet NATO targets: PBO02:04 | October 30, 2024
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Liberal caucus shift focus from Trudeau future to defeating Conservatives02:03 | October 30, 2024
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U.S. election 2024: Trump, Harris virtually tied in polls02:09 | October 30, 2024
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Singh says NDP won’t play ‘games’ and help Bloc, Tories topple Liberals01:54 | October 30, 2024
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Trudeau asked Canada’s spy agencies to ‘figure out a way’ to give Poilievre foreign interference info02:00 | October 30, 2024
-
Ontario budget 2024: Deficit projected to be at $6.6B — an improvement of $3.2B, finance minister says01:26 | October 30, 2024
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India is ‘emerging threat’ to Canada’s cyber security: report01:25 | October 30, 2024
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Business Matters: 1 in 4 Canadians are spending more than $100 on Halloween, poll shows01:56 | October 30, 2024
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Atlantic Canada’s first marine mammal necropsy lab opens in N.S.01:49 | October 29, 2024
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‘You should be ashamed’: Indigenous services minister grilled over procurement problems01:37 | October 29, 2024
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Scott Moe, Saskatchewan Party re-elected with majority government02:00 | October 29, 2024
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Trudeau’s national security adviser says Indian counterpart rejected RCMP interference allegations01:58 | October 29, 2024
Trans Mountain approved for more loan guarantees as costs soar
Description
January 12, 2024
The Trans Mountain pipeline expansion project in Western Canada, purchased by the federal Liberals in 2018 for $4.7 billion, is now going to cost at least $35 billion to complete. Global News has learned that Trans Mountain secured another government-backed commercial loan guarantee worth $2 billion, and quietly wrote off $1 billion from its balance sheet as project costs soar. Kamyar Razavi reports.
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