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The government proposes a bill to give them unprecedented tax and spend authority. The Canadian utilities index drops 13.1% the same day.

Do investors fear nationalization of the utilities and phone companies? Has that ever happened in any previous economic crisis in Canada? If so, how did it or could it effect the equity holders?
 

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or are investors fearing that people cant pay their utilities bills and the feds tell the companies to give grace to people and thus the utilities sit on losses....

I dont think the govt wants to own all the utilities companies....
 
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