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Winning and losing stocks from the new higher carbon tax


The Globe and Mail
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Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Scotia Capital analyst Jason Bouvier assesses the winners and losers from the Trudeau government’s plan to jack up the carbon tax,
“There continues to be legal challenges against the Federal Government’s imposition of a price on carbon on the provinces. The Supreme Court of Canada will hear three cases to determine if the Federal Carbon tax legislation is constitutiona l… We see a higher carbon price as positive for companies who develop or own Canadian renewables (BEP, BLX, INE, NPI). It would be negative for companies with high cost Alberta merchant thermal generation – but we see CP ....

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