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Kenney off to Montreal, Washington to tout pipelines, investment – Calgary Sun

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Premier Jason Kenney is off to Montreal and Washington, D.C., to push for pipelines and promote investment in Alberta.

The Monday through Sunday trip is designed to build on the “government’s work to drive investment, expand Alberta exports and get pipelines built,” said a Sunday government news release.

“Alberta’s economic future depends on new private sector investment. That’s why I have put a priority on meeting with key investors to tell them about the tremendous opportunities that exist in Alberta, and the policies that are making us one of the most competitive places for job creation in North America. That’s what I will be doing in Montreal,” the premier said in the release.

“We also have critical issues at play with our largest trading partner, the United States. That’s why I will be travelling to Washington, D.C., to meet with state governors and key congressional and administration officials. I will be discussing the future of NAFTA and the construction of pipelines, like Line 3 and Keystone XL, while in the U.S. capital.”

While in Montreal, Kenney is slated to speak to a roundtable of business leaders and will meet with Canadian CEOs. He will also be available to media there to “underscore how all Canadians benefit from a thriving energy sector, and why Alberta is a preferred source of energy in both environmental and social terms.”

Then, during his time in Washington, the premier is scheduled to attend meetings hosted by the National Governors Association. Ontario Premier Doug Ford, Quebec Premier François Legault and Saskatchewan Premier Scott Moe are also to attend. Kenney’s agenda also includes holding bilateral meetings with governors of U.S. states with “strong ties to the Alberta economy,” and with members of the House of Representatives, the Senate, and the administration.

Kenney and Moe are to deliver a joint presentation to the Wilson Center’s Canada Institute. Kenney is to meet with the United States Chamber of Commerce, the American Petroleum Institute, the American Enterprise Institute, and the School of Advanced International Studies.

Three political staff will accompany the premier for a total estimated cost of $32,000, says the news release.

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S&P/TSX composite up more than 100 points, U.S. stock markets mixed

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5 days ago

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October 16, 2024

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TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Economy

S&P/TSX up more than 200 points, U.S. markets also higher

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1 week ago

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October 11, 2024

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TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Economy

S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

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2 weeks ago

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October 10, 2024

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TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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