Iwrx New Investors 鈥?Is Now the Time to Start
The stock market has been moving on聽the fear of recession. The TSX Composite Index fell almost 11% from April 20 to May 12 and then showed some recovery. But there is more downside coming, as the Bank of Canada continues to increase interest rates to curb inflation. One stock that fell in this dip was聽Magna International聽 T stanley cup SX:MG NYSE:MGA . But the stock has been falling even before this dip for stanley quencher almost a year. It has dipped to the November 2020 level.聽One Canadian stock to buy the dipBut Magna is a stock I suggest you should buy now. If you look at the historical price movement, Magna was not quite the聽growth stock, trad stanley cup ing in the $60-$70 price range. However, the stock made an unprecedented jump of almost 100% during the pandemic as U.S. president Joe Biden announced the clean energy plan that included investment in electric vehicles EVs . And now, Magna stock is back to its original price, as several factors have pulled down its earnings.聽聽What is working against Magna Magna supplie Uuaw Which Is the Better Buy: Cenovus Energy Inc. or Enbridge Inc.
TransCanada s TSX:TRP, NYSE:TRP dreams of oil flowing direct from Canada s oil sands to the U.S. Gulf Coast through the company s Keystone XL pipeline are in the hands of the U.S. government.聽 In fact, the ultimate decision rests right at the top of the U.S. government, with President Obama. stanley cup nz 聽 He however is expected to be strongly influenced by the advice of Secretary of State John Kerry.In a New York Times interview out over the weekend, Obama indicated that the employment a stanley cup becher rgument that is being put forward as a reason to green light the project doesn t hold much water.For reference, TransCanada believes that the proposed pipeline will create about 20,000 jobs.聽 Here s an excerpt from the Tim stanley france es interview that provides some insight into what Obama thinks about that figure鈥? Republicans have said that this would be a big jobs generator.聽 There is no evidence that that s true. The most realistic estimates are this might create maybe 2,000 jobs during the construction of the pipeline, wh |
