Pipeline operator TC Energy reports $1.20B Q1 profit, down from $1.31B a year ago

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 70 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 63%

TC Energy News

First-Quarter Profit

CALGARY — TC Energy Corp. reported a first-quarter profit of $1.20 billion, down from $1.31 billion in the same quarter last year, as its revenue rose. The...

CALGARY — TC Energy Corp. reported a first-quarter profit of $1.20 billion, down from $1.31 billion in the same quarter last year, as its revenue rose.

During the quarter, TC Energy announced a deal to sell its Portland Natural Gas Transmission System to BlackRock through a fund managed by its diversified infrastructure business, and investment funds managed by Morgan Stanley Infrastructure Partners.It also announced an agreement in March to sell its Prince Rupert Gas Transmission project to the Nisga’a Nation — whose lands are located on the northwest coast of B.C. near the city of Terrace — and its partner, Texas-based Western LNG.

"Their frustration is understandable, but this kind of expectation betrays a misunderstanding of what's actually driving food prices higher in this country."It costs you less to trade US stocks at Interactive Brokers than at other brokers. Your capital is at risk.TFSA investors could capitalize on these top Canadian stocks to generate tax-free capital gains and dividend income. The post TFSA: 3 Canadian Stocks to Buy and Hold Forever appeared first on The Motley Fool Canada.

Bank of Canada governor Tiff Macklem says Canadian interest rates don't have to match U.S. or global rates, but there is a limit to how much they can diverge. Macklem made the comments while testifying before the House of Commons finance committee today. The governor says Canada is nowhere close to the limit when it comes to how much Canadian and American interest rates can differ.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Energy Transfer Files for Regulator Review in Pipeline DisputeEnergy Transfer LP is asking the Federal Energy Regulatory Commission to take a closer look at a Williams Cos Inc. pipeline project as a legal battle rages between the two companies.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

TC Energy responding to pipeline incident near Edson, Alta.CALGARY — TC Energy Corp. says it is actively responding to an incident involving its NGTL natural gas pipeline system in west-central Alberta. The Calgary...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

TC Energy responding to pipeline incident near Edson, Alta.CALGARY — TC Energy Corp. says it is actively responding to an incident involving its NGTL natural gas pipeline system in west-central Alberta.
Source: SooToday - 🏆 8. / 85 Read more »

TC Energy gas pipeline triggers wildfire in Alberta, media reportThe pipeline caught fire west of Edmonton late Tuesday morning, sending up a plume of flames and smoke visible from many kilometres away and triggering a...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

TC Energy pipeline rupture sparks wildfire near Edson, Alta.CALGARY — A natural gas pipeline owned by TC Energy Corp. ruptured near Edson, Alta. on Tuesday afternoon, sparking a wildfire. The Calgary-based pipeline operator said in a statement it was alerted at approximately 11 a.m.
Source: SooToday - 🏆 8. / 85 Read more »

TC Energy gas pipeline triggers wildfire in Alberta, media reportExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »