04:39:17 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 206,919,943
Close 2014-12-18 C$ 122.53
Market Cap C$ 25,353,900,616
Recent Sedar Documents

FP says RBC figures Dollarama, Magna good for new year

2014-12-19 09:38 ET - In the News

See In the News (C-DOL) Dollarama Inc

The Financial Post reports in its Friday edition RBC Capital Markets has released its top-30 global equity ideas for 2015 and a handful of Canadian companies made the cut. The Post's Jonathan Ratner, writing in Trading Desk, says RBC continues to expect the strong U.S. economy to support equity markets and risk assets, and believes the recovery will be led by a stronger U.S. consumer, improved balance sheets and higher wages. Dollarama and Magna International are the Canadian names tied to the consumer theme joining Amazon, H&M Hennes & Mauritz, Yum Brands, CBS, Amphenol and Marvell. "Whether directly exposed to the consumer through a retail recovery, or indirectly through their relationship to the content/advertising, tech and/or auto end markets, [these stocks] all stand to benefit from a strengthening consumer spending environment," RBC said. In the resource space, Suncor and Agrium were highlighted as the top Canadian picks, with Marathon Petroleum, Bunge and Glencore PLC. "In light of the broad resource equity weakness in the back half of 2014, we see opportunity in high quality energy and material companies," RBC said. Other Canadian names that made RBC's list were TD, CNR and CGI Group.

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