TSX rallies on Carney pipeline, then stalls as second megaproject draws doubts
The backdrop of high inflation, volatility, and geopolitical conflict “sets up for a pretty good market for gold,” Sheluk told Reuters.
Yet that has not played out so far, he said.
The same Monday brought a second megaproject.
Alberta Premier Danielle Smith and Ontario Premier Doug Ford proposed a 3,300-kilometre line from Hardisty, Alberta, to refineries in Sarnia, Ontario, that would carry 500,000 barrels a day with room to expand to 800,000.
The provinces named no builder, cost or timeline, and such projects typically need a private proponent, as per Reuters.
