According to the pundits at the Canadian Press, it wasn’t the giveaway of Canadian oil to Americans for tens of billions of dollars below world prices, caused by a lack of pipelines from Alberta.
It wasn’t the loss of tens of billions more in oil and gas investment to the U.S., because Canada is too hostile to building new projects… [and] It wasn’t the Americanization of Encana, once the largest of all Canadian-headquartered companies. It wasn’t the federal Liberal government’s forced purchase of the Trans Mountain pipeline from Kinder Morgan because the expansion faced insurmountable opposition from the B.C. government and Indigenous groups. Nor was it the court decision blocking the federal government from completing that project.
Instead, the Canadian Press’s choice of business news story of the year was the legalization of cannabis.