Trudeau has said many times the pipeline is going to be built.
It is a package based, in some ways, on those offered to softwood, steel and aluminum producers.
Oil sands producer will ramp up capital spending if prices improve and stabilize, and there’s clarity on market access.
The province has already started talks with a third party to buy enough rail cars and locomotives to put two more oil trains a day on the tracks.
The bump was attributed to higher oil prices and streamlined operations.
Alberta premier notes huge cost increases if the US slaps a border adjustment tax on Canadian energy.
Energy agency says next few weeks will be crucial in determining if production cuts are being implemented.
Bank of Canada’s Stephen Poloz still believes a successful transition will happen – albeit slower than expected.
Excess supply has forced producers to work hard to bring costs down.
Lower resource revenue and a reduced take in corporate and personal income taxes to blame.
Higher energy, vehicle prices are offset by offset by cheaper gasoline, fuel oil and natural gas.
Downward forces on oil and gas countered higher prices for shelter and food.
IEA suggests investment in oil exploration and production is declining for a second straight year.
Economic growth, low oil prices, budgetary balance and debt-to-GDP ratio will all be top of mind come budget season.
Deal is worth $49 billion.