Ready for the second phase of the battle against a second Great Recession? We weren’t two years ago, when Justin Trudeau’s government bought the Trans Mountain Pipeline from Kinder Morgan Inc. for $4.5 billion.
The newly ascendant constituency of green voters recoiled in horror at the prospect of the federal government becoming a fiduciary in the transport of fossil fuels. And many of those who would benefit had an allergic reaction to Trudeau’s rescue operation, as proud Alberta free marketeers were disgusted by the nationalization of a private venture.
Both anecdotal evidence and ballot-box results suggest the Trans Mountain rescue caused the Liberals all sorts of problems in last year’s election. Now, the coronavirus crisis is about to make Trudeau’s portfolio of troubled assets much bigger.
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