Commodities
NL's Ambitious LNG Plan Faces Commercial Hurdles Amid Trade Tensions
Newfoundland and Labrador is attempting to launch an entirely new liquefied natural gas export industry based on its offshore natural gas reserves.
The province claims it has identified enough gas to support major development, but turning those resources into LNG exports could require overcoming significant commercial and technical hurdles.
In related news, the Bank of Canada's Market Participants Survey for the second quarter reported that business and financial leaders across the country still expect some growth in the Canadian economy by the end of the year, despite listing trade tensions as a top downside risk.