The Financial Post reports in its Friday edition that CIBC economist Avery Shenfeld says Dollarama and Canadian Tire could feel the effects, one way or another, of an emboldened Canadian dollar. The Post's guest columnist Geoff Zochodne writes that a more valuable loonie could go further than usual for Dollarama and Canadian Tire, retailers that buy plenty of merchandise abroad. A July 13 report from Eight Capital analyst Tal Woolley said the market had yet to account for the effect the loonie's flight has on retail stocks. Mr. Woolley says in a note: "That retailers, especially discretionary retailers that import significant volumes of overseas merchandise priced in USD, benefit from a stronger CAD is not some well-kept secret. So we have been surprised that shares have continued to lag on this significant move in the CAD. This move, if it sticks, represents a material increase in purchasing power for overseas importers like DOL and CTC, and it is certainly a help for the grocers in certain categories like fresh produce and commodities (which are either sourced from the U.S. or priced in USD)." Eight Capital had "buy" ratings on both companies, with a $165 target for Canadian Tire shares and $145 for Dollarama.