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Ottawa’s purchase of the Trans Mountain pipeline will add a significant amount to the federal deficit.
A new study from the Institute for Energy Economics and Financial Analysis says the purchase puts $6.5 billion in unplanned spending onto the 2018 fiscal year — adding nearly 40 percent to an already projected $18 billion dollar deficit.
But federal finance department officials say the estimate is completely incorrect.
Ottawa says it has no plans to be a long term owner of the pipeline and is looking for prospective buyers in the indigenous community and western provinces.

Indigenous actress and activist Tantoo Cardinal has been invited to join the Academy of Motion Picture Arts and Sciences.
The organization which hosts the Oscar awards extended invitations to 928 new artists and film executives.
Cardinal is a Metis film and television actress from Fort McMurray, Alberta. Her films include Dances with Wolves, Black Robe, Legends of the Fall and Smoke Signals.

McGill University is building up funds to start an athletic scholarship aimed at getting more indigenous lacrosse players to come to their school.
The Canadian Lacrosse Foundation made a $16,000 donation to start the scholarship fund.
According to school rules the fund needs at least $80,000 to have the scholarship endowed.
Donations have so far reached $50,000 in total.
Officials with the school say the scholarship will be the only indigenous athletic scholarship in Canada.

A Hamilton jury is deliberating the fate of Peter Khill today. He is charged with second-degree murder in the shooting of Jonathan Styres — after Styres broke into his truck.
Khill admits that he killed Styres by shooting him twice but says he believed he was under threat and acted reasonably.
The jury will now decide Khill is guilty of second degree murder, guilty of manslaughter or not guilty.
A verdict could be announced as early as today.