TransCanada Pipelines Pref Y (TCA.PR.Y.TO)

Believes company will remain strong for long period of time regardless of Federal government policy. Company expanding into renewables. Traditional oil & gas demand not going away. Good company to own.

Has made acquisition out of their keystone project to create growth. The approval from Nebraska courts will be favourable for them. Would continue to hold.

In construction mode. Less volatile, but slower growth. Getting more of revenue stream from alternative energy.

Don’t like. 9% negative differential.