18:34:52 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Dream Global Real Estate Investment Trust
Symbol DRG
Shares Issued 177,010,952
Close 2018-06-19 C$ 14.47
Market Cap C$ 2,561,348,475
Recent Sedar Documents

FP/wire say Boyd, others seen as safe bets in trade war

2018-06-20 09:25 ET - In the News

See In the News (C-BYD) Boyd Group Income Fund

The Financial Post reports in its Wednesday edition that Brian Belski, chief investment strategist at BMO Capital Markets, is not convinced that a global trade war is necessarily bad for Canadian stocks. A Bloomberg dispatch to the Post says Canadian companies with a high percentage of foreign revenue have outperformed domestic-focused companies this year and should continue to do so, Mr. Belski said in a note. "We believe the passage of U.S. tax reform and the associated surge in U.S. growth are likely the main drivers," he wrote. S&P/TSX firms with the highest foreign revenue exposure, excluding resource companies, include Dream Global REIT, Enghouse Systems, Valeant, Onex and Mitel Networks. Other potential winners include Boyd Group Income Fund, the car-repair operator that gets almost 90 per cent of its revenue from the U.S. market. Boyd, based in Winnipeg, jumped to a record high Tuesday of $119.60. Canadian firms with U.S. revenue will also benefit from a weaker loonie, which has tumbled more than 5 per cent this year. The Canadian dollar slipped to a one-year low of 75.24 U.S. cents Tuesday, but even the loonie may be finding a bottom, as most of the damage from the trade war rhetoric has been done.

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