09:09:58 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Brookfield Asset Management Inc
Symbol BAM
Shares Issued 629,961,973
Close 2015-02-25 C$ 68.60
Market Cap C$ 43,215,391,348
Recent Sedar Documents

Globe says analyst likes Brookfield Asset, others

2015-02-26 08:50 ET - In the News

Also In the News (C-ATA) ATS Automation Tooling Systems Inc
Also In the News (C-BCB) Cott Corp
Also In the News (C-CCT) Catamaran Corp
Also In the News (C-GIL) Gildan Activewear Inc

The Globe and Mail reports in its Thursday edition the Canadian economy is about to flatline, according to global bank Macquarie. The Globe's Luke Kawa writes that in some of the most bearish commentary on Canada, Macquarie analyst David Doyle turns to history for a look at what to expect from a collapse in oil prices. His report points out that, in 1986, following the last supply-side-driven crash in oil prices, Canadian economic growth decelerated from 5 per cent to zero. Much depends on the strength of the U.S. economy. Since the beginning of 1983, there have only been seven quarters in which the Canadian economy contracted on a quarterly basis while the U.S. economy grew. Two of these instances occurred in 1986. Macquarie projects that the Canadian economy will lose 60,000 jobs this year, the Bank of Canada will cut the overnight rate 50 basis points to 0.25 per cent by the middle of the year and the Canadian dollar will fall to 69 U.S. cents by the third quarter. Mr. Doyle advises buying U.S. stocks or Canadian equities with a large amount of foreign exposure. His overweight suggestions include Brookfield Asset Management, Gildan Activewear, Cott, ATS Automation and Catamaran Corp.

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