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Transcontinental Inc T.TCL.A

Alternate Symbol(s):  TCLCF | T.TCL.B | TCLAF

Transcontinental Inc. is a Canada-based packaging company. It conducts business in Canada, the United States, Latin America, and the United Kingdom. It operates in three segments: Packaging, Printing, and Media. The Packaging segment specializes in extrusion, lamination, printing, and converting packaging solutions, generates revenues from the manufacturing and recycling of flexible plastic, including roll stock, labels, die cut lids, shrink films, bags and pouches and advanced coatings. Its facilities are mainly located in the United States, Canada, Latin America, and the United Kingdom. The Printing segment provides integrated services for retailers, including premedia services, flyer printing and distribution, in-store marketing products as well as print solutions for newspapers, magazines, and mass marketing products. The Media segment offers print and digital publishing products, in French and English, including educational books and specialized publications for professionals.


TSX:TCL.A - Post by User

Post by kijijion Jul 30, 2020 1:23pm
226 Views
Post# 31344921

USA raises the cross-border shipping limit for the TCL.

USA raises the cross-border shipping limit for the TCL.
The Trump administration will allow the existing Keystone pipeline to carry more oilsands crude into the Midwest and U.S. Gulf Coast while the conduit’s decade-old expansion project faces renewed legal hurdles.
 
A White House permit issued Wednesday raises the cross-border shipping limit for the TC Energy Corp. line to 760,000 barrels a day, from 590,000 under a previous presidential permit, company spokesman Terry Cunha said in an email. The White House decision came after President Donald Trump’s earlier approval of TC Energy’s proposed Keystone XL expansion project was hampered by a federal court decision that blocked most construction.
“This is excellent news for Canada’s energy sector, and hard-working people and families on both sides of the border who benefit from continued North American energy security and interdependence,” said Sonya Savage, energy minister of Alberta, home to the Canadian oilsands.
 
Canadian oil producers have faced a persistent shortage of export pipelines as several projects have been delayed for years by courts and local environmental opposition.

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