The author is becoming a commentator and observer of current affairs as they affect investing. Below is her latest salvo. As part of your entry you may want to comment on this subject too?
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Toronto, January 21 – As Americans celebrate the anointment of their 21st century saviour, Barack Obama, investors in Canadian stocks may not want to rejoice just yet according to independent investor and personal finance author Gail P. Bebee. “Obama’s choice of Canada for his first foreign visit is a positive for the Canadian economy. However, many senior members of Obama’s administration are proponents of action on climate change. New regulations designed to control greenhouse gas emissions could put a real damper on Canadian energy companies, particularly the energy intensive oil sands producers. Investors should closely track developments in U.S. energy policy as these will dictate the overall performance of the oil and gas heavy Toronto Stock Exchange.”
Bebee adds that, although unlikely, Obama might reopen the North American Free Trade Agreement. This would rekindle protectionist sentiments, a major negative for the many Canadian companies exporting to the U.S.
Here are some Canadian stocks Bebee thinks might benefit from Obama administration policies:
· Canadian infrastructure companies (bricks and mortar and digital) serving the U.S.
· Alternative energy companies (solar panels, wind turbines etc.) ready to sell in the U.S.
· Oil and gas stocks, if energy security trumps the climate change lobbyists.
For more information or to arrange an interview, please contact:
Gail Bebee
Personal finance speaker and author of No Hype - The Straight Goods on Investing Your Money
All the investing basics for Canadians from a savvy financial industry outsider
Tel: 416-733-0221
www.nohypeinvesting.com"I think the Canadian government's stimulus intentions tend to reinforce the likely winners Gail mentions.
Book Winner ... UPDATE Jan.29 ... It's Toenail Guy who has one of most unique and specialized blogs I've come across. Thanks to everyone for entering and best success in your investing.
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15 comments:
I'd like to be considered for your book giveaway.
Put my name in the hat please!
please count me in..!
Sounds like an interesting book. :o)
There is nothing like a free book! She is similar to me in the part about awakening to taking control of my own money management. Mutual Funds "preservation of capital" prospectis - a joke!
I would love to read a book written for Canadians! Many of the books that have been recommended on PF blogs are American, and much of what they say don't apply.
Sign me up!
Me too, please.
I notice that in your quote, the author seems to be talking about benefits to stocks rather than benefits to investors. For those looking for an opportunity to buy, a drop in stock price might be just what we need. Sure hope the oil & gas companies can shoulder the environmental policies though.
Count me in for the draw
Thanks for a great website and keep up the good work!
David Summers
dsummers05144@hotmail.com
Count me in please! Thanks
Joanne
summers2783@shaw.ca
I hate random number drawers as I never win!
But hey there's always a first.
Rob in Madrid
Love the blog, keep up the good work
Jack K.
Just found your blog and it looks like a good one! Thank you.
And the book looks interesting too - count me in!
As for energy... Our energy industry needs to clean up its act and move towards greener technology. The world isn't going to stop using fossil fuels overnight... but they are going to demand cleaner ways of doing things.
Any company that moves in that direction is going to be a good investment.
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