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Canada Reportedly Plans To Buy Full Trans Mountain Pipeline Project

Canada is likely to buy the Kinder Morgan Canada Ltd. Trans Mountain oil pipeline and its controversial expansion project in a bid to ensure it gets built, Bloomberg reported citing a person familiar with the talks.

Buying the pipeline outright has become increasingly likely and is now the most probable option, the report said. The deal, a value for which hasn't been publicly reported, will be announced as soon as Tuesday when Prime Minister Justin Trudeau's cabinet is due to meet.

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