|Day's Range||9.50 - 9.55|
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,459.92, down 72.86): Suncor Energy Inc. (TSX:SU). Energy. Down 65 cents, or 1.58 per cent, to $40.53 on 12.2 million shares. Cenovus Energy Inc. (TSX:CVE). Energy. Down $1.16, or 5.10 per cent, to $21.58 on 10.3 million shares. TC Energy Corp. (TSX:TRP). Energy. Down 68 cents, or 1.31 per cent, to $51.30 on 9.5 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Down
Canada's Enbridge Inc said on Thursday it was "disappointed" by the U.S. Army Corps of Engineers' decision to extend the federal permitting process for the company's proposed Great Lakes Tunnel that would rehouse its Line 5 oil pipeline underneath the Straits of Mackinac. Calgary-based Enbridge said the move will delay its plan to replace a section of the existing Line 5 pipeline, which runs underwater for four miles (6.4 km) between Lakes Michigan and Huron, and push back the start of construction until 2026. "While we are supportive of a thorough, comprehensive and carefully considered permitting process that ensures adequate opportunity for review and comment, we are disappointed with the extended timeline for a project of this scope," Enbridge spokesman Ryan Duffy said in a statement.
CALGARY — Canadian pipeline giant Enbridge Inc. has been dealt another setback on its Line 5 replacement project in Michigan. The company said Thursday it was "disappointed" by news that the timeline of a U.S. federal review of Enbridge's proposed $500-million Great Lakes tunnel project has been pushed back by more than a year. The U.S. Army Corps of Engineers (USACE) said Thursday it now expects to complete its draft environmental impact statement for Enbridge's Line 5 tunnel permit application