It’s fallen about 1.6% in the new year.
The increasing realization that the Trudeau government is creating an anti-business and anti-investment environment in Canada has made the Toronto Stock Exchange (TSX), the fourth worst performing in the world so far in 2018.
As noted by BNN, Energy, Telecom, and Utilities are among the worst performing sectors, falling 5.46%, 4.54%, and 4.53% respectively this year alone.
BNN also noted the worst performing stocks:
Pretium Resources: -40.31 per cent
Crew Energy: -28.57 per cent
Corus Entertainment: -27.86 per cent
Advantage Oil & Gas: -26.85 per cent
Peyto Exploration: -25.35 per cent
According to the report, “The TSX Energy index was the biggest drag on the market, extending its losses from 2017. Much like last year, general weakness in natural gas prices is to blame, as crude has held steady above the US$60 per barrel mark.”
This is no surprise, since the Trudeau government has been increasing job-killing regulations, and introducing a carbon tax that will make it tougher for businesses to succeed.
As a result, many Canadian businesses are seeing that the future looks far more uncertain under Trudeau. Not only does this weaken investment, it kills potential jobs.
Meanwhile, more of our companies are being taken away by foreign interests, and tax cuts in the United States make our competitive position even worse.
Finally, a rising tide of foreign money is infecting our country and trying to poison the minds of Canadians against our energy industry, which is blocking us from the true prosperity and financial independence all Canadians deserve.