It’s been quite the week, I’m sure everyone has been keeping a close eye on the U.S. Presidential Election results and wondering if the counting would ever be over. It appears now that Joe Biden will become the next president of the United States, and it is more than likely Donald Trump will protest the results as he has promised.
What this means during the following weeks and eventually the transition period, is likely more uncertainty hanging over the markets – not something investors like. But for long term investors, this could also mean some buying opportunities may present themselves. For those who make regular purchases and contributions, it’s likely all background noise.
Here are a few articles or interest pieces along a similar theme that I’ve come across in the past week.
U.S. Election and Potential Impacts on Canada | BNN
With a new President in the U.S., some questions will unfold for Canadians, particularly those in the energy sector. A lot of people believe that a Joe Biden presidency will be better for Canada in regards to trade and stability. This may be true, as he will likely be a much more predictable individual than President Trump, who seemed to enjoy announcing tariffs and sanctions at random, but there are a few pieces to consider with a Biden administration as well. Joe Biden has strong Buy America policies like Trmp and is a proponent of protectionism. Recall that Kamala Harris opposed the USMCA at one point in a Senate Budget Committee vote, citing that environmental provisions were not sufficient, and Joe Biden has been opposed to new pipelines. And while the new administration will likely be a strong supporter of green energy and new spending in that segment of the economy, it doesn’t necessarily mean Canadians will benefit. In the clip above, Rona Ambrose discusses potential challenges ahead on negotiating trade deals with the US going forward.
Making sense of the markets this week: November 2 | MoneySense
Dale Roberts from “Cut the Crap Investing” gives us a weekly roundup in MoneySense on the current investment landscape in Canada. There are big dividend yields to be had right now in many sectors from the Financials to Pipelines and Telcos. TD Bank has launched a new app, TD GoalAssist to compete with Wealthsimple to a degree. The app is offering zero commission fees on TD exchange traded funds and a questionnaire, plus educational content to assist users with their investment selections. This article also discuses the potential bottom for Canadian Energy stocks and the likelihood of further consolidation throughout the sector after the huge deal was announced recently between Cenovus and Husky Energy.
Canadian Dividend All-Stars Weekly Updates | Mat Litalien on Seeking Alpha
And finally, a popular weekly series on Seeking Alpha “Canadian Dividend All-Stars” is going to be moving to a new platform at Stocktrades.ca. Seeing Alpha has just released some changes to their contributor arrangements and how payments to authors will work. The general overview is that they will be attempting to promote and further reward articles of under covered stocks. The attempt will likely result in more information available on Seeking Alpha in regards to stocks you don’t normally see or that have not been discussed for a long time. The move is understandable and will hopefully result in a better breadth and variety of overall coverage for smaller cap stocks. So if you’re a follower of the Canadian Dividend All-Stars Weekly, you will know where to find it going forward.
That’s a wrap for this Sunday, if you have some time, check out the latest articles on the homepage and check out my 11 questions answered for the Sunshine Blogger Award nomination.
Hope everyone has a wonderful weekend!
