Glenn Paradis and Devil

: Sometimes it better to have the devil you know than the devil you don’t, said Glenn Paradis, portfolio manager at Canoe Financial, according to The Toronto Star. The NDP campaigned on a number of promises including corporate tax hikes and a review of the province royalty regime. Experts say investors are reacting to the uncertainty over how an inexperienced government will balance the budget and whether policies affecting the energy sector will change. Colin Cieszynski, chief market strategist at CMC Markets Canada, said the oilpatch could be forced to take on a higher tax burden. It introduced an element of uncertainty after 44 years of Conservative rule where people had a pretty good idea of where they stood. All kinds of things could potentially change, Cieszynski said. (news.financializer.com). As reported in the news.