CTV News
CTV NewsJan 1
Energy

Trump authorizes new pipeline from Canada to U.S. | CTV National News at 5:30 for April 30, 2026

22 min video4 key momentsWatch original
TL;DR

Trump authorizes a $2 billion pipeline from Canada to Wyoming that would boost Canadian oil exports to the US by over 12 percent.

Key Insights

1

Bridger Pipeline revivalTrump authorized a new $2 billion pipeline from Canada to Wyoming that would revive portions of the canceled Keystone XL, potentially increasing Canadian crude exports to the US by over 12%.

2

Strait of Hormuz blockadeIran's closure of the Strait of Hormuz has removed 20% of the world's oil supply from global markets, costing Iran $500 million daily in lost revenues while driving Canadian gas prices toward record levels.

3

Tire pressure mattersUnderinflated tires reduce fuel efficiency by 4%, and drivers can save 10-20% on gas costs by checking tire pressure, removing trunk weight, and maintaining steady acceleration—simple fixes most Canadians ignore.

4

Sullivan children still missingThe RCMP has been searching for Jack and Lily Sullivan for a year without answers; only a pink blanket and boot were found, and investigators now believe the four and six-year-old's chances of being alive are very slim.

5

Defense bank launchesCanada is establishing a multinational Defense Security and Resilience Bank headquartered in the country, with up to 40 NATO nations potentially contributing $135 billion USD to help smaller defense companies access loans.

Deep Dive

Trump greenlights Canada-to-Wyoming pipeline amid energy chaos

Trump authorized the Bridger Pipeline today, a $2 billion infrastructure project that would transport Canadian crude from the prairie border to Wyoming and resurrect portions of the scrapped Keystone XL. The pipeline is a joint venture between US company Bridger and Canadian firm South Bow. If completed, it could boost Canada's crude exports to the US by more than 12 percent. Canada's Minister of Energy and Natural Resources confirmed awareness of the permits but offered little additional commentary. The move represents a stark reversal from the Biden administration's stance on pipeline expansion and signals a harder line on energy independence.

Iran crisis sends gas prices soaring; analysts warn of 50-cent spike ahead

Gas prices in Canada shot up again Thursday and are expected to climb further Friday as the Iran conflict shows no signs of resolution. Vancouver already leads the country at nearly $2.17 per liter, with cross-country spikes of 8 to 12 cents forecast. The trigger is Iran's blockade of the Strait of Hormuz, which handles 20 percent of global oil supply and has created a deficit of over one billion barrels daily. Economists note the closure has already been priced into oil markets, but fears of prolonged conflict are now pushing toward record levels. Petroleum analysts warn that without resolution by summer, gas could climb another 50 cents per liter across Canada, with risks of inflation ticking back up along with interest rates. Even a peace deal reached today would take months to reverse the supply gap, as vessels don't travel at light speed.

Simple driving habits can cut fuel costs by 10-20 percent

Experts say motorists can save between 10 and 20 percent on fuel costs through straightforward modifications to their driving and vehicle maintenance. Checking tire pressure against the recommended level—found on a sticker inside the driver's side door jam—is one of the easiest steps; underinflated tires reduce efficiency by 4 percent because they create higher rolling resistance. Removing unnecessary weight from the trunk matters too: an extra 45 kilograms can increase fuel consumption up to 1 percent. Removing roof racks and bikes when not in use eliminates aerodynamic drag, while steady driving with gradual acceleration and cruise control on highways makes a measurable difference. A survey found only about a quarter of Canadian drivers check tire pressure monthly, leaving significant savings on the table.

Iran's defiant stance, Canadian ban on soccer delegation complicate peace prospects

Iran's Supreme Leader Khamenei issued a written statement read on state television declaring, 'The bright future of the Persian Gulf region will be a future without America,' while reaffirming Iran's commitment to nuclear and missile capabilities as national assets. Trump countered today that Iran is 'dying to make a deal' but cannot have nuclear weapons. Meanwhile, Canada blocked Iran's soccer federation head and his delegation from entering the country ahead of a FIFA Congress in Vancouver, citing alleged ties to Iran's Revolutionary Guard, which Canada designates as a terror group. Prime Minister Trudeau confirmed no Revolutionary Guard members have entered Canada and pledged ongoing screening and action. The FIFA Congress, hosting 1,600 delegates from over 200 member associations, will precede the 2026 World Cup in North America, the first to feature 48 nations competing.

One year on, Jack and Lily Sullivan case remains unsolved despite 106 interviews and 1,200 tips

The RCMP provided an update Thursday on Jack and Lily Sullivan, four and six years old, who vanished nearly a year ago from their Nova Scotia home on May 2nd. Only a pink blanket and a boot have been found despite numerous searches, and police say there is no evidence of abduction. Investigators have interviewed 106 people and fielded almost 1,200 tips, yet the mystery remains unsolved. Staff Sergeant Rob McCammon is now asking the public for fact-based tips only, noting that social media speculation can bog down resources and that officers face criticism whether they follow up or don't. A criminology professor explained how limited resources force difficult triage decisions in high-profile cases. McCammon acknowledged that the chances Jack and Lily are alive are 'very slim,' and while volunteers continue searching the heavily wooded area, the RCMP has no plans for a formal resumption of the official search.

Defense Security and Resilience Bank plants roots in Canada with $135 billion NATO funding pool

Canada is hosting headquarters for a new multinational Defense Security and Resilience Bank aimed at helping smaller companies in Canada and Europe access loans to expand as NATO nations ramp up defense spending toward 5 percent of GDP by 2035. The bank could comprise up to 40 NATO nations and allies pooling $135 billion USD in funding. An Ottawa technology company called Anvil, which uses AI to help the Royal Canadian Navy analyze enemy ship movements, is among those hoping to leverage the bank for European expansion. Officials note that shared funding and expertise represent a testament to Canada's reputation and financial credibility. The location within Canada has not yet been determined, but cities from Vancouver to Montreal to Toronto and Ottawa are lobbying aggressively, each citing distinct advantages like financial sector presence, diplomatic infrastructure, or defense innovation clusters.

Government explores airport privatization amid affordability concerns

The federal government signaled in Monday's spring economic update that it is considering privatizing Canadian airports, sparking immediate pushback from critics and airport authorities. Ottawa owns 41 airports, with 23 of the largest leased to third-party authorities. The transport minister said they would evaluate each airport separately to 'maximize gains for Canadians,' though no timeline was provided. Critics worry that privatization could drive up airfare and user fees, noting that airport fees already account for 30 cents of every dollar of a regular Canadian airfare. An aviation lawyer cautioned that while there are cautionary tales of failed private airport investment, there are also genuine success stories, suggesting a close examination is warranted. The Calgary airport authority head said he understands both pros and cons firsthand and is willing to have the conversation, provided the structure maintains safety, quality, affordability, and economic growth. The Canadian Airports Council sent only a one-line statement saying they are working with the government on evolution of the airport model.

Takeaways

  • Check tire pressure monthly and remove unnecessary trunk weight to cut fuel consumption by up to 5 percent during price spikes.
  • Use cruise control on highways and avoid aggressive acceleration to improve gas mileage by 15 to 30 percent.
  • Compare gas prices across stations using apps before filling up — prices vary up to 10 cents within the same city.

Key moments

0:53Trump authorizes new pipeline

US President Donald Trump has authorized a new pipeline today that would move Canadian oil to the US.

2:35Gas prices hit new peak

The pain at the pump has hit a new peak due to these average prices across the country today with Vancouver topping out as the most expensive city at nearly 217 a liter.

3:05Iran strait closure impacts global supply

The subsequent closure of the Strait of Hormuz by Iran is costing the global economy billions with 20 percent of the world's oil supply unable to pass through these troubled waters.

4:19Potential for 50-cent price increase

Some petroleum analysts believe without a timely resolution in the street of Hermuz, we could see gas prices climb another 50 cents per liter across the country in the months ahead.

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