Local reaction to White House changes mixed
While many people in North America celebrated the inauguration of U.S. President Joe Biden yesterday, the reaction from political and business figures in Saskatchewan was quite restrained.
This stems from the executive order given by Biden on Day one to revoke the license for the Keystone XL Pipeline. The extension, originally proposed in 2008, would dramatically increase capacity to transport crude oil from Alberta’s tar sands to the U.S. and was estimated to generate both thousands of jobs and millions of dollars for the prairies.
The nixing of the pipeline cannot be ignored as a big opening challenge on Day one of the new presidency according to Steve McLellan, the CEO of the Saskatchewan Chamber of Commerce. But he added this is not a message that the very strong Canadian-U.S. trade relationship is over.
“We trade so much every single day and that will continue. With a much more reasonable person in the White House we think there’s opportunity ahead,” McLellan said.