09-25-2024, 09:00 PM
Totf Buying Big Bank Stocks Overlooking These Banks Is a Mistake
In one of his first acts as president, U.S. President Joe Biden dealt a blow to the energy industry by cancelling the permit for the Keystone stanley cup XL pipeline.Construction on the 1,200-mile 1,930-kilometre pipeline began last year when former President Donald Trump revived the long-delayed project after it had stalled under the Obama administration.When completed, the pipeline had the potential to deliver over 825,000 barrels per day and was meant to be the fourth phase of TC Energy TSX:TRP NYSE:TRP Keystone Pip stanley cup eline System. The pipeline would have spanned over 1,200 miles from Alberta to Nebraska, where it would connect with existing infrastructure to reach the Gulf Coast.But the final blow occurred on Wednesday, when TC Energy decided to officially pull the plug on the p stanley cup roject.Canadian government intervenesFor months, the Canadian government had attempted to persuade Biden to reconsider the pipeline.Last year, the province of Alberta invested more than $1 billion in the proje Ueak 2 TSX Stocks I ll Be Buying Hand Over Fist in February 2023
It looks like the currency party is finally over. After flirting with parity for a number of years, the loonie is now at its lowest level in 11 years and likely will continue to drop into next year.The impact on companies is immense. Companies that have products or sales that are valued in U.S. dollars will see higher profits during reporting time. Likewise for companies that are Canadian-based with assets in the U.S., whose values will be inflated when reported back in Canadian dollars.Unfortunately, a lot of companies won t benefit from the current low-flying loonie. Those companies will be doing ever stanley thermobecher ything they can to cut costs and become more efficient to offset the effects of the weak dollar.The dollar is ver stanley cup nz y much tied to the price of crude, w stanley cup hich has been dropped considerably in the past year, closing this week below $38 per barrel. By comparison, when the price of oil was over $100 per barrel the loonie was at parity or even stronger than the greenback.Another factor is the gre
In one of his first acts as president, U.S. President Joe Biden dealt a blow to the energy industry by cancelling the permit for the Keystone stanley cup XL pipeline.Construction on the 1,200-mile 1,930-kilometre pipeline began last year when former President Donald Trump revived the long-delayed project after it had stalled under the Obama administration.When completed, the pipeline had the potential to deliver over 825,000 barrels per day and was meant to be the fourth phase of TC Energy TSX:TRP NYSE:TRP Keystone Pip stanley cup eline System. The pipeline would have spanned over 1,200 miles from Alberta to Nebraska, where it would connect with existing infrastructure to reach the Gulf Coast.But the final blow occurred on Wednesday, when TC Energy decided to officially pull the plug on the p stanley cup roject.Canadian government intervenesFor months, the Canadian government had attempted to persuade Biden to reconsider the pipeline.Last year, the province of Alberta invested more than $1 billion in the proje Ueak 2 TSX Stocks I ll Be Buying Hand Over Fist in February 2023
It looks like the currency party is finally over. After flirting with parity for a number of years, the loonie is now at its lowest level in 11 years and likely will continue to drop into next year.The impact on companies is immense. Companies that have products or sales that are valued in U.S. dollars will see higher profits during reporting time. Likewise for companies that are Canadian-based with assets in the U.S., whose values will be inflated when reported back in Canadian dollars.Unfortunately, a lot of companies won t benefit from the current low-flying loonie. Those companies will be doing ever stanley thermobecher ything they can to cut costs and become more efficient to offset the effects of the weak dollar.The dollar is ver stanley cup nz y much tied to the price of crude, w stanley cup hich has been dropped considerably in the past year, closing this week below $38 per barrel. By comparison, when the price of oil was over $100 per barrel the loonie was at parity or even stronger than the greenback.Another factor is the gre