TransCanada shares fall 5% after US rejects Keystone XL pipeline
TransCanada's stock
Ottawa - Arab Today
TransCanada's stock tumbled five percent Friday after the United States rejected the company's proposal to build the Keystone XL pipeline connecting Canada's oil sands to US Gulf Coast refineries.
Morning trading slashed almost two dollars off the share price, which hit US$32.47 in New York at 1730 GMT, moments after US President Barack Obama said the project "would not serve the national interests of the United States."
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