TransCanada Corp. (TSX: T.TRP, Stock Forum) hit a new peak of $48.40, before closing at $48.39, for an increase of 2.41%.
Canada’s largest pipeline company, said it has been chosen by Progress Energy Canada Ltd. to design, build and operate a gas transmission project in British Columbia.
TransCanada is an energy company, which operates in two business segments, Pipelines and Energy and offers different products and services.
The Pipelines segment develops and operates energy infrastructure, including natural gas pipelines.
The company's network of more than 60,000 kilometres of pipeline transports the majority of western Canada's natural gas production to the fastest growing markets in Canada and the United States.
TransCanada also controls or has interests in approximately 10,800 megawatts of power generation capacity.
The second company to make the 52-week-high list was Canadian Pacific Railway Ltd. (TSX: T.CP, Stock Forum). The stock briefly hit $108.60, before closing at $108.35, for an increase of 0.91%.
CP Rail is a holding company whose direct and indirect subsidiaries operate railways in North America.
The company, through 10,600 miles of owned track and 4,100 miles of jointly-owned or leased track, and through alliances and connections with other rail companies, operates mainline rail transportation services which span North America.
The company will release its fourth-quarter financial and operating results at 7:30 a.m. Eastern time (5:30 a.m. Mountain time) on Tuesday, Jan. 29, 2013.