Thomas Chanzy

@trawetsnagrom At the end of the day, a high-cost financing structure is being replaced by a less expensive one.

@Thomas_Chanzy Freeland promised no more public money would be put into the project and that shippers would need to pay the remaining costs. Meanwhile the shippers aren't using the capacity because the costs are too high. Further subsidies don't fix structural problems.

It looks like the cost of #TMX will officially crack $50 billion. Or maybe they'll be able to make a money losing pipeline pay the lowered interest rates for less? Orders of magnitude matter, double check the regulator filing that revealed this move.

@camcol32 @DimitrisSoudas De rien. Bonne fin de semaine!

@Thomas_Chanzy @DimitrisSoudas Merci pour l'information!

Exclusif : Dans l’un de ses derniers actes en tant que ministre des Finances, Freeland a accordé un prêt de 20 milliards de dollars au projet d’oléoduc Trans Mountain. nationalobserver.com/2025/01/31/new…

@trawetsnagrom Now that the expansion project is complete, that the business is substantially de-risked and generates revenues, it makes sense to look at options to reduce the cost of debt. At this level, the savings are material.

@Thomas_Chanzy This may be true, until we see the @CER_REC details it is hard to know, past reports indicate structural deficits, a dizzyingly absurd level of debt & extraordinary cost overruns. But yes it is possible but unlikely this particular $20B will actually reduce the long-term cost.

@camcol32 @DimitrisSoudas Non, cet emprunt est le résultat d'un refinancement de la dette de l'oléoduc. Ça ne change pas le montant de l'emprunt total mais ça réduit le coût des intérêts, c'est donc une bonne nouvelle.

@DimitrisSoudas Donc c'est pas 62 milliards dans le trou c'est 82 milliards... c'est pas pour rien que notre monnaie dégringole. 🤢

@lev_jf Please correct your statement. Overall funding to #TMX remains unchanged as this loan is debt refinancing. Now that the expansion is complete, replacing third-party financing reduces interest costs, helping pay down construction costs faster and increase asset value. Good news!

Yesterday the federal govt quietly posted a new $20 billion loan for #TMX -- bringing the total amount of taxpayer money loaned out for this project to $50 billion Maybe we shouldn't listen to all the recent calls for more fossil fuel pipelines.... environmentaldefence.ca/2025/01/31/fed…

Le Monde fait le choix d’interrompre la publication de ses contenus sur X, tant que ce réseau social fonctionnera ainsi. Voici pourquoi 👇 lemonde.fr/idees/article/…

@DougSaunders @MorierComms 💯

@Thomas_Chanzy @MorierComms There was a 90s book titled Quebec and the American Dream, looking at the cultural reasons why Quebecois feel closer to the US than English Canadians do — eg Quebec favoured NAFTA more than ROC did. Conclusion: PQ politics aren’t shaped by anti-Americanism as Anglo politics are

Three-quarters of Quebecois see themselves as part of North American culture rather than part of French culture (including 71% of Francophone Quebecois) ledevoir.com/societe/833521…

@markrmcqueen The more common the combination of letters, the more difficult the challenge is, which is the point of Wordle, I'd argue.

@Thomas_Chanzy That a lot of choices to knock through

Ouch! Wordle 1,310 stumped 36% of us so far today. ⬜🟨⬜⬜🟨 🟩🟨⬜⬜⬜ ⬜🟩⬜🟩⬜ 🟩🟩⬜🟩🟩 ⬜🟩🟩🟩⬜ 🟩🟩🟩🟩🟩 WordleBot Skill 60/99 Luck 46/99

@MorierComms @DougSaunders A quote in the article from a professor at Concordia sums it up: "We are not the French of the Americas, as General de Gaulle said: we are French-speaking North Americans." It is a commonly shared thought among French-speaking Canadians, and something that makes Canada unique.

@Thomas_Chanzy @DougSaunders A Parisian friend on a sabbatical in Montreal once told me “I thought I would be among the French in North America. Instead, I found myself amongst North Americans who speak French”.

@GenevaTradeLaw Premier Smith and her team's strategy is baffling. It's like they are so blinded by their eagerness to pick a fight with the federal government that they don't see they're scoring in their own net.

"Make sure President Trump knows that the trade deficit he's complaining about is all about oil and not cars and lumber" is an interest flex for Premier Smith's Chief of Staff. I mean, I agree with him, but not entirely sure this will have the result they think it will.

This is why we have infrastructure like this: the expansion of the @TransMtn pipeline is already proving its point by moving more oil abroad if U.S. tariffs hit. calgaryherald.com/opinion/column… via @calgaryherald #transmountain #cdnpoli

@towhey Point #2 is already done. Unless you're talking about another pipeline, the expansion of the Trans Mountain pipeline was completed last year.

Big W 😎 Presented by @McDonaldsCanada

@GenevaTradeLaw 👍

@Thomas_Chanzy You're very kind. Thanks for the kind words. I'm hoping the message finds its audience - and in your case, it evidently has 😅😇.

Export taxes are back in the news. And so we can expect hysterical NP articles, hot (and usually ignorant) takes by Globe columnists, and a ton of mis- and disinformation. Two points: export taxes are unusual but a perfectly legitimate means of addressing trade friction. 1/