1407 ET - Canada may be on the cusp of a liquefied natural gas watershed moment, according to CIBC analysts. In a report, the analyst says that while the country has long been viewed as an attractive jurisdiction for LNG development, red tape and restrictive environmental policies were limiting. Now, CIBC analysts say that "the new federal government has launched several domestic and international initiatives that have renewed focus on Canada's LNG export potential." They say that sanctioning of LNG Canada Phase 2 marks a potential turning point for the sector where "a more supportive policy environment, efforts to streamline approvals for major projects, and renewed engagement with international buyers, set this cycle apart from those prior."