Expected Keystone rejection slams TransCanada stock - Macleans.ca

Expected Keystone rejection slams TransCanada stock

Shares fell by over $2 before regaining ground

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Google finance

News that the U.S. State Department is set to reject TransCanada’s proposed Keystone XL pipeline sent the company’s stock reeling this morning. TransCanada shares fell by over US$2 around midday, to a low of US$39.74 in New York, though they regained ground later in the day. The U.S. State Department is holding briefing on Keystone at 3 p.m. ET.