The S&P/TSX Equal Weight Oil & Gas Index tracks a portfolio of companies in oil and gas sector. Oil companies may now need to comply with benchmarks to limit emissions. On the Liberal platform, the mention of phase out of fossil fuel subsidies by 2023, instead of earlier deadline of 2025, can become a cause of concern for related industries. The most interesting aspect of the snap election was bipartisan support to fight against climate change. This can be attributed to a range of factors, which include the recent resurgence of the Delta variant and the weaker-than-expected economic growth. Both the Bank Index and the parent Composite Index have seen subdued performance over past one quarter. The year-to-date (YTD) return is nearly 20 per cent. The TSX Composite Index Banks (Industry Group) has given nearly 37 per cent return over past one year. The S&P/TSX Composite Index Banks (Industry Group) is made up of bank constituents of the benchmark index. By reading between the lines, it can be easier to understand which stocks are likely to outperform in the near-to-medium term.Īlso read: Canada snap election 2021: How a Liberal win could impact stock marketsįirst, the platform included a new revenue source – 3 per cent tax on profits of banks. Liberals have focused on continued financial support to the ailing economy. Your portfolio must consider Liberals’ platform But even a minority government can bring many changes, and it is these changes that can impact stocks listed on the TSX. Prime Minister Justin Trudeau called the snap election to gain majority and pass legislations that the Liberal Party thinks can improve the socio-economic landscape of Canada. Liberals, however, are far from what they sought – majority in the House of Commons. The Conservatives, led by Erin O’Toole, are a distant second, albeit their vote share is more than Liberals. The Elections Canada website points to a big lead for the Trudeau-led Liberal Party. Image source: Pixabay Who’s winning the 2021 Canadian snap election? While China’s Evergrande episode may have caused the Toronto Stock Exchange (TSX) to face its worst day in months on Monday, the snap election can bring a breather. Major events shape markets in their own ways. Markets in the US, Australia and nearly all emerging economies have gained amid the pandemic-induced macroeconomic odds. The rally in Canadian stocks was not an isolated event. The S&P/TSX Composite Index, the benchmark of the Canadian market, hit 20000-mark in June this year. The pandemic may have cost people their jobs and wage hikes, but it could not keep the global stock market from scaling new peaks. Continued abuse of our services will cause your IP address to be blocked indefinitely.Creating a portfolio that can create wealth is no mean task. Please fill out the CAPTCHA below and then click the button to indicate that you agree to these terms. If you wish to be unblocked, you must agree that you will take immediate steps to rectify this issue. If you do not understand what is causing this behavior, please contact us here. If you promise to stop (by clicking the Agree button below), we'll unblock your connection for now, but we will immediately re-block it if we detect additional bad behavior. Overusing our search engine with a very large number of searches in a very short amount of time.Using a badly configured (or badly written) browser add-on for blocking content.Running a "scraper" or "downloader" program that either does not identify itself or uses fake headers to elude detection.Using a script or add-on that scans GameFAQs for box and screen images (such as an emulator front-end), while overloading our search engine.There is no official GameFAQs app, and we do not support nor have any contact with the makers of these unofficial apps. Continued use of these apps may cause your IP to be blocked indefinitely. This triggers our anti-spambot measures, which are designed to stop automated systems from flooding the site with traffic. Some unofficial phone apps appear to be using GameFAQs as a back-end, but they do not behave like a real web browser does.Using GameFAQs regularly with these browsers can cause temporary and even permanent IP blocks due to these additional requests. If you are using Maxthon or Brave as a browser, or have installed the Ghostery add-on, you should know that these programs send extra traffic to our servers for every page on the site that you browse.The most common causes of this issue are: Your IP address has been temporarily blocked due to a large number of HTTP requests.
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