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Enter Symbol
or Name
USA
CA



Canaccord Genuity Group Inc
Symbol CF
Shares Issued 103,812,814
Close 2016-04-20 C$ 4.20
Market Cap C$ 436,013,819
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FP says Canaccord Genuity bullish on Canadian stocks

2016-04-21 09:40 ET - In the News

The Financial Post reports in its Thursday, April 21, edition that the loonie is up from its 13-year low, while at the same time oil prices have rebounded from February lows. The Post's Jonathan Ratner writes that there are even more reasons to be bullish on Canadian stocks for the remainder of 2016. Canaccord Genuity Group analyst Martin Roberge offered some reasons to support Canadian stocks in the coming months. He notes that Canada's benchmark index ranks second globally in terms of combined weighting for the energy and materials sectors at 32 per cent. As well, emerging markets account for an expected 74 per cent of global growth in 2016. So with the Federal Reserve looking less willing to raise rates, the falling United States dollar has made emerging markets currencies stronger. He further notes that China's measures to boost growth have started to pay out, as new projects and real estate activity have picked up. He says cyclical resource stocks typically do well late in economic cycles, when inflation picks up, "but not enough for the Fed to apply the brake." Finally, Mr. Roberge says the S&P/TSX composite index is not expensive when factoring in peaks and troughs in the commodity cycle.

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