The Trans Mountain oil pipeline is costing a Canadian Crown corporation some staggering interest expenses that cast doubt on strong revenues from the infrastructure touted in the federal government's recent economic update.
The interest expenses were $20 million over a single month in September, right after Prime Minister Justin Trudeau's government purchased the pipeline and related assets from Texas energy company Kinder Morgan for $4.5 billion.
As part of the purchase, the government also had to set aside an additional $500 million as a security deposit in case of environmental damage, and this appears to be part of the interest expenses.
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