Start your day off right with five things you need to know this morning.
Five things you need to know
Enbridge hasn't entirely ruled out involvement in building a new oil pipeline from Alberta to the British Columbia coast, the firm's CEO has said, but said he won't be investing "on a hope and a prayer." Greg Ebel told Bloomberg that "the conditions don’t yet exist for that pipeline to be built," adding: "All of that is tied up in the MOU and discussions between the Alberta government and the federal government in Canada.” He also said his firm spent $600 million "trying to do this before I had the rug pulled out from under us," a reference to the Trudeau government's decision to nix the Northern Gateway pipeline because it was "not in the public interest."
Pipeline operator Enbridge hasn’t ruled out helping build a new oil pipeline from Alberta to the British Columbia coast under the right regulatory conditions, CEO Greg Ebel told Bloomberg's Julie Fine https://t.co/LK0dSwNoq0 pic.twitter.com/0ATs3ftNkV
— Bloomberg TV (@BloombergTV) March 24, 2026
On the other side of the coin, Energy Minister Tim Hodgson has said Canada's allies "desperately need our energy" and promised that "2026 will be when we take advantage of that opportunity." Kevin Krausert, a former drilling executive, agreed, explaining that the world is "screaming" for Canada's oil but the country needs "to figure out a way to prove to the rest of the world that ... we are a stable energy superpower ... it's time to deliver." Hodgson, who has been in Houston, Texas for an energy conference, also said he had a "wonderful conversation" with US Energy Secretary Chris Wright, adding: “We talked about how we could help send more gas down to help you export more off the Gulf Coast and to help you with your AI strategy."
Though oil and gas industry executives at CERAWeek, a global energy conference in Houston, welcomed Natural Resources Minister Tim Hodgson’s enthusiasm, they still say they want to see considerable action before they... https://t.co/MI6OWWe56n
— CBCbrief - CBC News headlines (@CBCbrief) March 25, 2026
The CEO of the National Bank of Canada, meanwhile, has said he wishes the Liberals "would go much faster" on approving and helping to build energy projects across the country, warning: "The cost to our economy is ridiculous." Laurent Ferreira said "we need to revive Keystone [XL] right now," adding: "The only thing slowing down progress… is politics, nothing else.” Ferreira also said Canada should "double down on LNG out west… [and] we need to bring natural gas to Quebec and Ontario. Manufacturing will need energy, gas flow to Quebec ... There’s an economic and social case whereby we should look seriously at increasing offshore oil, natural gas, LNG in Eastern Canada, with Quebec."
National Bank CEO pushes for Keystone XL revival and Eastern energy corridor https://t.co/H4nbHEAXsm
— Calgary Herald (@calgaryherald) March 24, 2026
Back in Ottawa, however, the prime minister is focusing on something else: the "lack of judgment" shown by Air Canada's CEO in publishing a video in English. Mark Carney said Michael Rousseau's video – in which he offered condolences to the families of the Air Canada pilots who died in New York on Sunday – showed "a lack of compassion" and left him feeling "disappointed." He added: "We proudly live in a bilingual country and companies like Air Canada particularly have a responsibility to always communicate in both official languages, regardless of the situation."
PM Carney, speaking ahead of Liberal caucus meeting, comments on the plane collision at LaGuardia airport that resulted in the death of two pilots. He also comments on Air Canada CEO Michael Rousseau only releasing a condolence message in English after the crash.
— CPAC (@CPAC_TV) March 25, 2026
#cdnpoli pic.twitter.com/JgHaHFGX6Z
Justice Minister Sean Fraser has refused to entertain the idea that premiers could play a role in selecting judges that Ottawa appoints to provincial appeal and superior courts. Fraser said "we believe that the judicial appointments process is functioning." It comes after the premiers of Quebec, Alberta, Ontario and Saskatchewan wrote a letter to Mark Carney to ask for Canada to follow the lead of Australia, certain European countries and the US in allowing provinces to pre-approve the judges appointed by the federal government.
Justice minister rejects provincial request for more say in naming judges https://t.co/RnhBpEri0S
— CTV News (@CTVNews) March 24, 2026
