TC Energy has brought some deep-pocketed partners on board for its $6.6-billion Coastal GasLink project. The company formerly known as TransCanada yesterday announced the Alberta Investment Management Corporation (AIMCo) and KKR are acquiring a 65-per-cent stake in the pipeline that’ll be a crucial conduit for the massive LNG Canada facility in British Columbia. And TC isn’t done yet: it said 20 First Nations have been granted an option to pick up a 10-per-cent interest in the protest-plagued Coastal GasLink.

Lots of angles to explore, like risks facing the project, the vote of confidence for natural gas producers, and what the global LNG market will look like when LNG Canada is up and running in a few years. We’re looking forward to speaking with AIMCo’s CEO today in Commodities.

HEXO SINKS

The Ottawa, Ont.-based pot producer’s shares plunged 21.9 per cent in New York yesterday after the company said it would raise US$25 million in a discounted equity offering. It’s like salt in the wound for investors who’ve witnessed Hexo shares lose more than half their value in 2019.

AMAZON'S HOLIDAY RECORD

Amazon.com Inc. helped propel U.S. stocks to new records yesterday after touting a “record-breaking” holiday season that saw “billions” of global orders and at least five million customers brought into the Prime ecosystem. That haul compelled investors to drive Amazon shares up 4.5 per cent on Thursday. But what happens when the cost becomes clear and Amazon discloses its worldwide shipping costs for the holiday period? We’ll assess the profit outlook for Amazon and explore the competitive landscape with long-time retail industry consultant Burt Flickinger on The Close.

OTHER NOTABLE STORIES

-Boeing announced yesterday that senior advisor J. Michael Luttig will retire at the end of the year. He’s the plane maker’s former general counsel and has most recently been managing legal issues that have arisen subsequent to the fatal 737 Max crashes.

Every morning BNN Bloomberg's Managing Editor Noah Zivitz writes a ‘chase note’ to BNN Bloomberg's editorial staff listing the stories and events that will be in the spotlight that day. Have it delivered to your inbox before the trading day begins by heading to www.bnnbloomberg.ca/subscribe.