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

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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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