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TransCanada Announces Additional Commitments to Keystone XL; Shares Edge Higher in TSX, U.S.

Shares of TransCanada Corporation (TRP.TO) went up by nearly 1% to $42.95 on the Toronto Stock Exchange from yesterday's $42.61 close, moving even higher from today's $42.72 open, after the company announced that it has received additional binding commitments in support of the Keystone XL pipeline.

The additional commitments, the company said, came in after the successful conclusion of the Keystone Houston Lateral Open Season. Russ Girling, TransCanada's president and chief executive officer said: "This significant demand and additional long-term customer commitments confirm the continued strong shipper support of TransCanada and the need for Keystone XL to move forward."

Companies: TransCanada Corporation

Price: US$41.31. Price Change: +0.32. Percent Change: +0.8.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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