Kinder Morgan Canada shares open lower after it suspends B.C. oil pipeline work

Shares in Kinder Morgan Canada opened down 15 per cent Monday but trading in the oilsands companies it serves were mixed a day after it announced it was suspending all non-essential construction on the Trans Mountain pipeline expansion project.

KMC says it plans to consult with stakeholders to try to provide clarity on the viability of its $7.4-billion project after the government opposition in B.C., setting a hard deadline of May 31 to reach a deal or consider cancelling the project.

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