On September 21, the Canadian market rallied after the re-election of Prime Minister Justin Trudeau's Liberals Party with the assurance that Canada’s economy would keep improving. Economic and regulatory environments have a huge influence on an economy’s performance because government policies hugely affect business operations. Investors should decide their investment strategies depending on how these government policies impact each industry and its elements.
Fiscal policy under Trudeau's Liberals Party is expected to remain loose, thus promoting businesses in general. The financial sector and renewable energy sector would have the maximum impact as the government is likely to impose a 3% tax on large banks and insurers, and might also remove fossil fuel subsidies within two years to reach a zero-emission target by 2050. Furthermore, the telecommunications industry might also witness some reforms as the government is eager to establish affordable and consumer-friendly internet and cellphone plans.
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Goeasy
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Brookfield Renewables
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Telus
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Constellation Software
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Royal Bank
The above-mentioned stocks are amongst the best-performing stocks available in the market presently that have strong core operations and very bright future prospects. Investing in such kind of stocks are always beneficial as the chances of incurring any kind of losses gets minimized by a large extent. Moreover, the certainty of earning passive incomes in these volatile times is also an added advantage one could get from these stocks. So, if you are willing to invest for the coming years you can choose any of these for your portfolios.
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Submitted October 10, 2021 at 05:34AM by lowbreadth39 https://ift.tt/3lzanMt
