A lot has changed since Donald J. Trump’s presidential victory last year.
The markets have rallied for the most part.
But there have also been signs of anxiety among investors.
Last year, Mr Trump had warned that the mining sector could become a “death trap” for investors.
He also said that “the U.S. is in big trouble”.
So what has changed?
The biggest changes are the rise in shares of companies like Enbridge, which is struggling to get a deal on the Keystone XL pipeline.
In February, Enbridge announced that it would raise its outlook for capital expenditure by 50 basis points.
The company has been struggling to meet the expected $2.5 billion funding needed to make a $3.8 billion pipeline deal with the Alberta government.
Its shares have also jumped since Mr Trump’s victory.
Enbridge has seen its shares climb by nearly 20 per cent since his victory.
But it remains a small player in the industry.
As a result, many investors are betting that oil prices will remain depressed and that global demand for energy will be subdued.
That’s why investors are taking a wait-and-see approach to the market.
Some of the biggest players in the mining industry, such as the US oil giant BP, have also seen their share prices rise in recent weeks.
What does this mean for you?
As Mr Trump prepares to leave office, he is expected to ease the regulations on the mining and oil drilling industries, a policy that will help reduce energy costs.
There’s a possibility that Mr Trump will also loosen restrictions on hydraulic fracturing, a controversial method of extracting oil and gas from shale formations.
And the Environmental Protection Agency is expected also to loosen its stance on fracking.
These could have a positive impact on the industry, since fracking will allow the companies to drill and extract oil and natural gas in more environmentally friendly ways.
But if Mr Trump is not able to sign a new trade deal with Canada and Mexico before leaving office, investors will have to brace for more job losses in the U.K. and the U!nst world.
Follow News.au’s Business Day coverage of the 2020 election.
Read more: Read the full News.edu.au article:The Dow Jones Industrial Average has risen 16 per cent in 2017, and the S&P 500 has risen 11 per cent.
More to come