A Canadian dollar.The Canadian Press
Globe editors have posted this research report with permission of Mackie Research Capital Corp. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following is excerpted from the report:
With the Canadian buck hitting an 11-year low last week, and having traded under 85 cents (U.S.) for the past 3 quarters, we thought it would be a good time to re-examine our MRCC coverage universe in order to determine which companies should benefit the most from a depressed loonie.
Given the length and magnitude of the depreciation of the dollar, we expect the flow through to EPS and cash flow to be more evident, while we also continue to believe that oil prices and the Fed will have a significant impact on the Canadian dollar going forward. Each company outlined in this report is discussed in further detail below, with a sensitivity analysis provided where applicable.
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