Canada ETFs Rally As Republicans Plan Keystone Legislation | Page 2 of 2 | ETF Trends

Canadian stocks rallied off a two-week low on the Republican win, with TransCanada (NYSE: TRP) leading the charge. TransCanada has been waiting since 2008 for a U.S. decision on the pipeline that would transport crude from Alberta’s oil sands to Gulf Coast refineries. However, legislation has been held up by environmental groups.

Additionally, Linamar Corp. surged 12% after announcing better-than-expected earnings.

FCAN includes a 4.3% position in Linamar. EWC has a 2.6% position in TransCanada. ENY includes 5.7% in TransCanada.

Guggenheim Canadian Energy Income Fund

For more information on Canada, visit our Canada category.

Max Chen contributed to this article.