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Why Trudeau’s Trans Mountain Dreams May Trickle Out in Coldwater

Why Trudeau’s Trans Mountain Dreams May Trickle Out in Coldwater

IN DEPTH: A tiny Indigenous band’s epic pipeline fight takes its biggest turn.

‘Nobody respects us,’ says Coldwater Chief Lee Spahan, his band having filed a new challenge to the TMX project he says has long trespassed his people’s territory. Photo by Mychaylo Prystupa.

On the Friday evening of June 7, Chief Lee Spahan of the Coldwater Indian Band received an email from Mitchell Taylor, Q.C., head of a federal consultation team acting under the auspices of Canada’s Department of Justice.

The email contained an offer, and an assertion.

The offer was that the government would take a new approach to deciding where the Trans Mountain Expansion Project (TMX) pipeline would be routed in relation to the Coldwater reserve, whose people are determined to protect the freshwater aquifer upon which they depend.

That issue had remained wholly unresolved after four years of negotiations, court judgments in favour of the Coldwater’s position, countless hours of consultations, and many hundreds of thousands of dollars spent on futile wrangling.

The stakes were high for the Coldwater, for the TMX, and for Prime Minister Justin Trudeau, who had placed a heavy political bet on using taxpayer’s money to buy the pipeline and guaranteeing its expansion would happen. Last year, the Federal Court of Appeal threw out TMX’s permit to proceed, demanding more rounds of consultation with the Coldwater and other Indigenous nations in the path of the pipeline.

Now, with the new offer came this assertion: “Canada believes this commitment satisfies what we understand to be your key concerns.”

 …click on the above link to read the rest of the article…

“TMX Market Incident”: All Toronto Stock Exchange, TMX Systems Down, Will Not Reopen Friday

UPDATE: The Toronto Exchange will not be opening for the rest of the day as per the latest exchange update:

TMX has decided to shut down all markets for the remainder of the day. Trading will not resume today, including market on close. We apologize for the inconvenience. Further updates will be provided.

* * *

The TMX Group, operator of the Toronto Stock Exchange and the Montreal Exchange, says technical problems have affected the Toronto Stock Exchange, Montreal Exchange and other markets.

Trading on the exchange reportedly stopped at 1:39pm local time, after which point no users were able to connect to exchanges. TMX says it’s investigating, providing updates.

Please be aware that TMX equity markets are experiencing issues with trading, all users are equally impacted and are unable to connect to our Exchanges. We apologize for the inconvenience and continue to investigate. Further updates will be provided.

According to subsequent updates by TMX, which classifies today’s anomaly as a “Markets Incident“, the event continues:

  • UPDATE 2 – Please be aware that TMX continues to experience issues on all markets. We apologize for the inconvenience. Further updates will be provided.
  • UPDATE 3 – Please be aware that all TMX markets continue to experience issues. We apologize for the inconvenience. Further updates will be provided.

The S&P/TSX Index was up 31 points or 0.2 per cent at 1:39 p.m., the last time Friday’s trading volume was updated on all charts. It appears the Toronto Venture Exchange also went down at the same time.




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