Canada to miss deadline that would have allowed it to quickly resell Trans Mountain pipeline

There are about a dozen parties interested in the Trans Mountain oil pipeline, but the Canadian government won’t reach a deal to flip it before a marketing deadline with Kinder Morgan Inc. closes Sunday, according to people familiar with the situation.

The government’s $4.5 billion (US$3.4 billion) purchase of the pipeline and expansion project included a six-week window, to July 22, to co-market the pipeline with an eye to selling it to a third party. A quick sale would have effectively...

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