A new multibillion-dollar pipeline company officially premiered on Tuesday, with South Bow Corp. spinning out of TC Energy Corp. and its shares starting to trade on the Toronto Stock Exchange. South Bow CEO Bevin Wirzba says the response to the company’s startup — including its ability to raise $7.9 billion in debt capital this summer — underscores its future and the long-term demand for western Canadian oil.

CALGARY, Alberta – Oct. 1, 2024 – South Bow Corporation (South Bow) is launching as an independent company after completing its planned separation from TC Energy Corporation (TC Energy). South Bow's common shares will commence trading on the Toronto Stock Exchange (TSX) on Oct. 2, 2024,and are expected to commence trading on the New York Stock Exchange (NYSE) on or about Oct. 8, 2024, under the ticker symbol SOBO.