CBC sources say federal and provincial leaders are set to make an announcement in Calgary on Thursday

Prime Minister Mark Carney and Alberta Premier Danielle Smith have agreed to the broad terms of a deal that would support a new oil pipeline to Canada’s west coast, the CBC reported Monday.

Currently, Canada has rules which Smith and industry observers say deter investors from committing to a new conduit to ferry Alberta’s oil to the coast of British Columbia, and then to Asian markets. The most obvious legal block is a ban on tankers carrying oil off the northern B.C. coast.

The federal and provincial leaders are set to announce a milestone deal granting special exemptions and “political support” to a new pipeline at a press conference in Calgary, Alta., on Thursday, the report said, c

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