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Stock impact report

Scotiabank not overly concerned by Mexico election as bank maps out growth plans: CEO [BNN Bloomberg (Canada)]

TC Energy Corporation (TRP) 
Last tc energy corporation earnings: 5/1 07:30 am Check Earnings Report
US:NYSE Investor Relations: transcanada.com/en/investors
Company Research Source: BNN Bloomberg
Speaking at a Canadian Club Toronto event on Thursday, Scott Thomson said the election of Claudia Sheinbaum as president last weekend was no surprise, but the apparent congressional supermajority was. "What wasn't expected was Congress ... that's what's created a little bit of uncertainty," he told the audience. The strength of the election victory — the final results of which are still pending — has raised fears that her party will press forward with constitutional changes that would weaken democratic institutions and make an already hostile business environment in some sectors even worse. Thomson said he's reassured by how institutions prevailed after Andrés Manuel López Obrador was elected with a supermajority in 2018, and by the long-term view Scotiabank has with its operations in the country. He said he's also impressed by Sheinbaum and that, while she's left-leaning, thinks she can navigate sticking points around North American free trade. "She's very smart, very rati Show less Read more
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