China, Asia-bound exports rising from TMX: RBC

Led by China, the Asia-Pacific region bolstered its position as the dominant destination for Trans Mountain exports, with its share increasing to 64 per cent of volumes in September. Photo by THE CANADIAN PRESS/Darryl Dyck

China is buying more Canadian oil shipped from the Trans Mountain pipeline terminal in British Columbia, analysts say, as trade tensions flare between Beijing and the United States.

Twenty-seven tankers departed Westridge Marine Terminal in September, up sightly from the previous month, implying an estimated 13.6 million barrels were exported in the month — a sign the expanded Trans Mountain pipeline may be running near full tilt, RBC Capital Markets said in a new report.

China has emerged as a mainstay destination for Canadian crude, the bank said in its Septem