AGP Executive Report
Last update: 10 hours agoNew Brunswick power crunch: The province has given conditional approval to a 500 MW natural gas plant by ProEnergy, aimed at preventing electricity blackouts as demand rises by 2028; NB Power says it will use refurbished jet turbines with limits on gas burn and a diesel backstop. Pipeline throughput: Trans Mountain says its Alberta-to-coast pipeline ran about 94% full in Q2, moving an average 840,000 barrels per day and sending roughly two-thirds to Asia. Trade-war pressure on construction: The Canadian Construction Association warns U.S. counter-tariffs will hit Canadian job sites hard, especially steel/aluminum, lumber/wood products, and a long list of building inputs like HVAC and doors/windows. Canada-U.S. energy leverage debate: Coverage continues around Trump’s “Lake America” move and broader tariff threats, while Maine regulators say there’s no immediate risk to Canadian electricity supply at agreed prices. Broader energy backdrop: Reports tie the Iran war and Hormuz risks to higher fossil-fuel costs and renewed interest in renewables, while a separate update flags diesel stress in the U.S. amid refinery constraints. Economy watch: StatCan data shows Canada’s real GDP growth accelerated to 3.3% in Q2, but analysts note renewed U.S. tariff headwinds.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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