Trudeau Win Signals Gains for Building and Marijuana Stocks
- Liberal majority means plan doesn't need oppostion votes
- Carbon price may weigh on oil producers, boost clean energy
Canada's Trudeau Ousts Incumbent Harper
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Construction and marijuana companies are poised to benefit from the Liberal Party’s decisive win in Canada’s election, with leader Justin Trudeau vowing to fund infrastructure spending with deficits and legalize cannabis. Energy companies may face a tougher ride.
“Infrastructure and construction is the clear No. 1 area that could benefit,” David Doyle, North American economist and strategist at Macquarie Group Ltd. in Canada, said Tuesday in a telephone interview. “There’s big, big new investment in infrastructure proposed by the Liberal Party.”