Trump's Victory Is Good For My Investments

[Phagdish Hardy]

The Dow and the TSX both finished with strong days today. The TSX composite finished 103 points ahead and the Dow Jones Industrials was up 257 points.

http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/">http://www.theglobeandmail.com/globe-in ... e32755094/">http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/

[Phagdish Hardy]

Cheer up Canada,  Donald Trump's victory is looking like a big win for Canada. Certainly for Alberta, Saskatchewan and energy stocks.

A Clinton win virtually guaranteed that one big loser in the 2016 election would have been us. Had she been allowed to govern as she was resolved to, Canada would have paid the price for as long as eight more difficult years — probably more than they will under even a loose-cannon amateur like Trump. A president Hillary Clinton would have implemented policies that would have been sure to drag down the economic growth of an economy upon which Canada overwhelmingly relies for its own.



She has been unapologetic about her plan to increase taxes, promising to raise the estate tax and capital gains taxes (where she planned to hike the top rate from 23.8 to 43.4 per cent) and she had proposed to tax high-frequency stock-market trades. She had said she was open even to new payroll taxes, which would have injured American competitiveness yet further. And her campaign said she would "take a look at" a carbon tax, if Congress had proposed one. Congress, still firmly in the hands of the Republicans, will now entertain no such thing.



Trump had expressed unqualified support for importing Canadian energy in general, and the Keystone XL pipeline in particular. Clinton, on the other hand, once a staunch Keystone backer, had chosen to flip and turn against it, as a way to appease the most left-wing Democrats. Canadians, and struggling Albertans especially, can renew their hopes that we might soon be sending up to a million more barrels of our oil every day to American refineries.



Just as importantly for Canada's exporters, Trump has promised to slash U.S. federal corporate income taxes — those combined top marginal corporate rates are currently some of the highest in the world — from 35 per cent to 15 per cent. Eager to lure home the US$2.4 trillion of American corporate profits sitting idle offshore, Trump has shrewdly promised a one-time, low tax rate of 10 per cent that, if enacted, will encourage major corporations to repatriate their cash and reinvest it back in the U.S., a massive private stimulus program that will do much to spur demand for Canadian exports.

http://business.financialpost.com/fp-comment/donald-trump-is-president-us-election-results-might-be-good-for-canada">http://business.financialpost.com/fp-co ... for-canada">http://business.financialpost.com/fp-comment/donald-trump-is-president-us-election-results-might-be-good-for-canada

[Anonymous]

The Dow and the TSX both finished with strong days today. The TSX composite finished 103 points ahead and the Dow Jones Industrials was up 257 points.

http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/">http://www.theglobeandmail.com/globe-in ... e32755094/">http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/

Hi Shen Li.

[Anonymous]

The Dow and the TSX both finished with strong days today. The TSX composite finished 103 points ahead and the Dow Jones Industrials was up 257 points.

http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/">http://www.theglobeandmail.com/globe-in ... e32755094/">http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/

I will make an appointment to see our financial adviser.

[Anonymous]

The Dow and the TSX both finished with strong days today. The TSX composite finished 103 points ahead and the Dow Jones Industrials was up 257 points.

http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/">http://www.theglobeandmail.com/globe-in ... e32755094/">http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/

I will make an appointment to see our financial adviser.

You will probably do fine.

[Anonymous]

The Dow and the TSX both finished with strong days today. The TSX composite finished 103 points ahead and the Dow Jones Industrials was up 257 points.

http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/">http://www.theglobeandmail.com/globe-in ... e32755094/">http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/

I will make an appointment to see our financial adviser.

You will probably do fine.

I have no worries about how Trump will affect my retirement plans.

[Anonymous]

The Dow and the TSX both finished with strong days today. The TSX composite finished 103 points ahead and the Dow Jones Industrials was up 257 points.

http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/">http://www.theglobeandmail.com/globe-in ... e32755094/">http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/

I will make an appointment to see our financial adviser.

You will probably do fine.

I have no worries about how Trump will affect my retirement plans.

He has a pro growth agenda, but we will see what the Republican held congress will do. Obamacare is easy to repeal, but replacing it will require 60 votes in the senate and he does not have that.

[Anonymous]

The Dow and the TSX both finished with strong days today. The TSX composite finished 103 points ahead and the Dow Jones Industrials was up 257 points.

http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/">http://www.theglobeandmail.com/globe-in ... e32755094/">http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/

I will make an appointment to see our financial adviser.

You will probably do fine.

I have no worries about how Trump will affect my retirement plans.

He has a pro growth agenda, but we will see what the Republican held congress will do. Obamacare is easy to repeal, but replacing it will require 60 votes in the senate and he does not have that.

I still want to see our financial adviser.

[Yeah Right]

The Dow and the TSX both finished with strong days today. The TSX composite finished 103 points ahead and the Dow Jones Industrials was up 257 points.

http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/">http://www.theglobeandmail.com/globe-in ... e32755094/">http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/

I will make an appointment to see our financial adviser.

You will probably do fine.

I have no worries about how Trump will affect my retirement plans.

He has a pro growth agenda, but we will see what the Republican held congress will do. Obamacare is easy to repeal, but replacing it will require 60 votes in the senate and he does not have that.

Good point.  I think unfortunately everything, or nearly everything Trump will try to do, will be filibustered by the democrats.

[Anonymous]

The Dow and the TSX both finished with strong days today. The TSX composite finished 103 points ahead and the Dow Jones Industrials was up 257 points.

http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/">http://www.theglobeandmail.com/globe-in ... e32755094/">http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/

I will make an appointment to see our financial adviser.

You will probably do fine.

I have no worries about how Trump will affect my retirement plans.

He has a pro growth agenda, but we will see what the Republican held congress will do. Obamacare is easy to repeal, but replacing it will require 60 votes in the senate and he does not have that.

Good point.  I think unfortunately everything, or nearly everything Trump will try to do, will be filibustered by the democrats.

His own party may be nearly as obstructive. He needs to cut deals with Ryan and McConnell first and then the Democrats in the senate. Joe Manchin, who I admire has already indicated he is willing to work with Trump.

[Anonymous]

The Dow and the TSX both finished with strong days today. The TSX composite finished 103 points ahead and the Dow Jones Industrials was up 257 points.

http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/">http://www.theglobeandmail.com/globe-in ... e32755094/">http://www.theglobeandmail.com/globe-investor/inside-the-market/market-updates/tsx-dow-waver-at-the-open-as-investors-weigh-trump-victory/article32755094/

Hi Shen Li.

Ya, it's me. Big fucking deal.



Anyway, why not fun of a stunned, effeminate, white, socialist cocksucker from the other board who fails at pretending he put on his own socks without his Mommy's help let alone be a savvy, wealthy investor.

[Anonymous]

The Dow was up again today.

[Angry White Male]

My stocks are doing OK.



And remember, even if Trump rips up NAFTA, this may be even BETTER for Canada, as we'd revert back to the old system of Canada/US trade, which DIDN'T include Mexico.



Remember when things were made here, or in the States?  That was FORCED.  For DECADES Canada and the US had a pact...  And it worked well.  For instance, any US car sold here, one had to be built here.  That was Auto-Pact.



And it fucking worked.



Mexico was the only one that won with NAFTA.

[Anonymous]

My stocks are doing OK.



And remember, even if Trump rips up NAFTA, this may be even BETTER for Canada, as we'd revert back to the old system of Canada/US trade, which DIDN'T include Mexico.



Remember when things were made here, or in the States?  That was FORCED.  For DECADES Canada and the US had a pact...  And it worked well.  For instance, any US car sold here, one had to be built here.  That was Auto-Pact.



And it fucking worked.



Mexico was the only one that won with NAFTA.

I am a free trader, but Mexico is not ready to be a full partner in NAFTA and may never be.



Hey, did you get banned from VF again?

[Angry White Male]

Yup!  Banned for nothing!