Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Canada's Trudeau scraps Barbados trip to try to resolve anti-pipeline protests

share with twitter share with LinkedIn share with facebook
share via e-mail
02/16/2020 | 09:25pm EDT
FILE PHOTO: Canada's Indigenous Services Minister Marc Miller meets with representatives of the Mohawk Nation at the site of a rail stoppage

Canadian Prime Minister Justin Trudeau has cancelled his planned trip to Barbados to help resolve widespread rail disruptions caused by indigenous rights activists opposing the construction of a natural gas pipeline, his office said on Sunday.

Indigenous communities across Canada have been blocking some key railway lines for nearly two weeks in protest against the Coastal GasLink pipeline in British Columbia, which has forced Canada's biggest railroad, Canadian National Railway Co, to shut operations in eastern Canada.

Indigenous Services Minister Marc Miller, who held talks with some indigenous communities on Saturday, told a talk show on Sunday the unrest and its impact on the economy amounted to a national crisis.

"Following the government's ongoing efforts to address infrastructure disruptions across the country, the Prime Minister will convene the Incident Response Group tomorrow to discuss steps forward," Trudeau's office said in a statement.

The C$6.6 billion ($4.97 billion) pipeline at the heart of the dispute would move natural gas from northeastern British Columbia to the Pacific Coast, where the liquefied natural gas Canada export facility led by Royal Dutch Shell Plc is under construction. The pipeline will be operated by TC Energy Corp.

In December, private equity firm KKR & Co Inc and Alberta Investment Management Corp agreed to buy a majority stake in Coastal GasLink.

The protests were sparked by the arrests of people opposing the pipeline's construction on traditional land of the Wet'suwet'en community. Some 28% of the 670-km (420-mile) route passes through Wet'suwet'en lands.

The most damaging protest is near Belleville in Ontario, the most-populous Canadian province. Canadian National has won court injunctions to end the action but the Ontario Provincial Police, responsible for enforcing the measures, has so far not acted.

The Canadian Broadcasting Corp reported on Saturday that at least 66 shipping vessels were stalled in British Columbia's waters because of rail blockades.

Trudeau was set to attend the Conference of Heads of Government of the Caribbean Community (CARICOM) in Barbados this week. Instead, Canada will be represented by Foreign Minister François-Philippe Champagne, the statement added.

(Reporting by Denny Thomas; Editing by Peter Cooney)

Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / CANADIAN DOLLAR (AUD/CAD) 0.02% 0.86116 Delayed Quote.-3.98%
BRITISH POUND / CANADIAN DOLLAR (GBP/CAD) 0.12% 1.75122 Delayed Quote.1.81%
CANADIAN DOLLAR / JAPANESE YEN (CAD/JPY) 0.22% 75.985 Delayed Quote.-8.92%
CANADIAN DOLLAR / SWISS FRANC (CAD/CHF) 0.28% 0.68495 Delayed Quote.-9.12%
CANADIAN NATIONAL RAILWAY COMPANY -3.25% 106.45 Delayed Quote.-9.38%
EURO / CANADIAN DOLLAR (EUR/CAD) -0.46% 1.54202 Delayed Quote.7.45%
KKR & CO. INC. -6.60% 21.92 Delayed Quote.-24.85%
NEW ZEALAND DOLLAR / CANADIAN DOLLAR (NZD/CAD) 0.22% 0.84068 Delayed Quote.-2.39%
ROYAL DUTCH SHELL 8.59% 17.8 Delayed Quote.-37.47%
TC ENERGY CORPORATION -7.50% 57.86 Delayed Quote.-16.34%
UNIVERSAL HEALTH SERVICES -11.26% 87.92 Delayed Quote.-38.71%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news "Economy & Forex"
09:50aIndia's Manufacturing PMI Remains Expansionary in March, IHS Markit Says
DJ
09:49aMore than a quarter of UK firms cut staff as coronavirus hits - ONS
RE
09:48aSALZGITTER : focuses on overcoming the corona crisis, reduces production at some locations
PU
09:46aSpain sheds nearly 900,000 jobs since coronavirus lockdown
RE
09:46aSpain reports record unemployment rise in March
RE
09:44aItaly PM vows not to nationalise firms as EU head demands unity
RE
09:40aChina says to ease car buying curbs to boost sales
RE
09:36aChina says to ease car buying curbs to boost sales
RE
09:35aGoldman Sachs ups weekly U.S. jobless claim estimate to six million
RE
09:33aRocket Internet sells stake in Africa ecommerce firm Jumia
RE
Latest news "Economy & Forex"