What Is Accounting
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“What is Accounting?”
The four companies I chose to invest in are CIBC (CM), Canadian pacific rail way (CP), Enbridge (ENB) and Telus (T). Each and every company has influenced me in one way or other to make me invest in their stocks. I wanted a safe investment that can provide a potentially higher rate of return than any other companies. To start off my investment I researched about all four companies profile.
Of the four companies that I have chosen, CIBC was the most logical of choices. This is because CIBC has been around the market for very long time. It originally provided financial services to retail and small businesses. Through continuous expansion have now in addition to providing services to retail and small businesses and now taking on huge cooperate clients as well as large groups of investors.
Another company that had come to mind due to its age was the Canadian Pacific Railway. It has been around since Canada was founded. Canadian Pacific Railway is now a transcontinental carrier operating in Canada and United States. It has very impressive network of services that operate from Montreal to Vancouver and U.S northeast and Midwest states. It also provides logistics and supply chain expertise.
Enbridge is a company that I have chosen due to the circumstances of todays oil industry. After the Iraqi war the oil prices in todays market have soared to unseen level. This had lead me to believe that the oil prices would continue to rise because of the depletion of the oil in the middle east and the reduced amount of oil that will be coming form the south Americas. This will provides optimum growing condition for oil companies that specialized in crude oil and liquids pipelines as well as natural gas pipelines and natural gas distribution.
TELUS Corporation is one of Canadas leading providers of data, Internet Protocol (IP), voice and wireless communications services. It also very popular among my age group and I believe that it continues to grow in to a large cooperation that would in itself challenge communication titans such as Bell.
Conclusion
Canadian Imperial Bank of Commerce:
On the last day of trading according one source (The Globe and Mail) the bond traders felt that the rates will remain steady. Due to their increase in confidence of the market they invest more coursing CIBC stocks to rise.
Canadian Pacific Railway:
Due to Canadian Pacific Railways decision to bid for purchase of cancellation up to two million five hundred thousand of its