When ITC Holdings or Fortis suspended their participation in the project, they indicated in their filings, “Macroeconomic conditions relating to rising inflation, interest rates and foreign exchange impacted the viability of the project”. This was in July 2022.
Is it your company's belief that inflation, interest rates and foreign exchange have improved since that time? We certainly haven't seen that underlying economic data in Canada. In fact, we've just had the Bank of Canada choose not to reduce interest rates. Many of the banks here are warning about inflationary pressures brought about by the upcoming budget from this government.
Why is it so different for you when it looks to me like the macroeconomic climate is the same or perhaps even worse?