Montreal, QC -Analyst Pierre Lacroix of Desjardins Securities believes that five Canadian companies are positioned well for 2008, notes a Canadian Press article by Ross Marowits. Lacroix has placed a …
Montreal, QC -Analyst Pierre Lacroix of Desjardins Securities believes that five Canadian companies are positioned well for 2008, notes a Canadian Press article by Ross Marowits. Lacroix has placed a buy rating on Canfor Pulp Income Fund, Cascades, Catalyst Paper, Domtar and Stella- Jones.
Desjardins is forecasting that the Canadian dollar will remain near parity with the U. S. dollar in 2008, and the currency “remains the biggest obvious threat (and opportunity) for the paper and forest products sector.” He added that a weaker U. S. dollar would boost the American exports, which should bring some support to commodities in the sector.
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