Re: “Pipeline woes have cost Canadians a whopping $117B, says TD’s McKenna,” Chris Varcoe, Opinion, Feb. 17.
Feb 24, 2018 - Frank McKenna’s statements are packed with strong conclusions in defence of Canada’s economy. Regrettably, facts tell us he is wrong.
McKenna laments the discount between the U.S. light oil benchmark, West Texas Intermediate (WTI), and Western Canadian Select (WCS), Alberta’s oilsands benchmark. He says, “this is a colossal amount of money for Canadians to lose, simply because they don’t have access to competitive markets.”
