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TransCanada says energy portfolio performing well, despite losses

As a result of higher interest expenses owing to debt issuances and lower capitalised interest, multilisted energy company TransCanada Corporation’s comparable earnings for the second quarter of 2016 were lower than the same period last year at $366-million, or $0.52 a share, compared with $397-million or $0.56 a share in the second quarter of 2015. Net income attributable to common shares also decreased by $64-million to $365-million, or $0.52 a share, in the three months ended June 30, compared with the same period last year.