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Earnings continue to flood in and investors have seen some positive performance from a few Canadian companies. These include three growth stocks stanley cup that took off after earnings. That being said, there still room to run for the three growth stocks I ;ll discuss today. So with just $1,000, let see what you could bring stanley cup in.LoblawShares of Loblaw TSX climbed thi stanley quencher s week as the company reported growth in both profit and sales during the fourth quarter. Canada largest grocer reported net earnings of $541 million or $1.72 per share for the quarter, compared to $529 million or $1.62 per share last year. Revenue also increased 3.7% to $14.5 billion, with same-store sales up 2%.However, everything hasn ;t been perfect for the company. Loblaw stock has been under pressure given the ongoing high prices for grocery items. Inflation may be coming down, but prices remain quite high. However, the company combated this by stating its prices were lower than the food price Yyrj 2 Top Canadian Dividend Stocks to Buy Before They Take Off
Canadian investors can t seem to catch a break with U.S. policy as of late. On Thursday, pipelines took a hit, as the U.S. Federal Energy Commission FERC removed a key master-limited partnerships MLP income tax allowance. The ruling states that MLPs can t receive a tax credit for taxes they don t pay and is in response to a previous court ruling that found the agency s tax policy could result in double recover of costs. According to the earlier court ruling, granting an income tax-allowance to MLPs results in inequitable returns. The FERC is a five-member pa stanley cup nel, four of which were appointed by President Donald Trump.Th stanley quencher e changes are expected to stanley bottles impact natural gas pipelines as early as this summer, while oil pipelines are not expected to see any changes until 2020. What does this mean for investors The fear is that lower taxes can lead to lower cash flows for pipelines.Enbridge Inc. TSX:ENB NYSE:ENB was yesterday s biggest loser north of the border. The company lost 4.2% due |
