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BetaPro Natural Gas Leveraged Daily Bull ETF T.HNU

Alternate Symbol(s):  HNUZD

HNUs investment objective, is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times 200 Percentage the daily performance of the Horizons Natural Gas Rolling Futures Index the Underlying Index, Bloomberg ticker CMDYNGER. HNU is denominated in Canadian dollars. Any US dollar gains or losses as a result of HNUs investment are hedged back to the Canadian dollar to the best of its ability. The Fund To be successful in meeting its investment objective during the period, HNUs net asset value should have gained up to two times as much on a given day, on a percentage basis, as its Underlying Index rose on that given day. Conversely, HNUs net asset value should have lost up to two times as much on a given day, on a percentage basis, as its Underlying Index declined on that given day.


TSX:HNU - Post by User

Post by zimmeeon Aug 30, 2018 11:04am
44 Views
Post# 28542442

Trans Mountain pipeline on the news minutes ago:

Trans Mountain pipeline on the news minutes ago:
https://globalnews.ca/news/4418485/trans-mountain-pipeline-quashed-federal-court/?utm_source=notification/


Updated: August 30, 2018 10:55 am

Federal court quashes Trans Mountain pipeline expansion

 
 
 
 
 
The Federal Court of Appeal has quashed the approval of the Trans Mountain pipeline expansion.

The Federal Court of Appeal has quashed the approval of the Trans Mountain pipeline expansion.

THE CANADIAN PRESS/Jonathan Hayward
 A A 

VANCOUVER – The Federal Court of Appeal has quashed Ottawa’s approval of the contentious Trans Mountain pipeline expansion.

The decision means the National Energy Board will have to redo its review of Kinder Morgan Canada’s project.

In a written decision, the court says the energy board’s review was so flawed that the federal government could not rely on it as a basis for its decision to approve the expansion.

The court also concludes that the federal government failed in its duty to engage in meaningful consultations with First Nations before giving the green light to the project.

That decision means the government will have to redo part of its consultations with Indigenous groups.

Prime Minister Justin Trudeau’s government approved Trans Mountain in 2016 and was so determined to see it built that it announced plans this spring to buy the pipeline and expansion project for $4.5 billion.

The court combined into one case nearly two dozen lawsuits calling for the energy board’s review to be overturned.

The expansion would triple the capacity of the Trans Mountain pipeline that carries oil from near Edmonton to Metro Vancouver for overseas shipping.

Kinder Morgan shareholders are to vote later today on whether to approve the sale to Canada.


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