Canada's 'super strong' immigration boom could boost these TSX-listed stocks

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 59 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 62%
  • Publisher: 63%

David Rosenberg Notícia

Statistics Canada,Canada,Population Growth

Dollar store chains, airlines, and telecom giants are among the companies spelling out plans to capitalize on an influx of new arrivals.

For permanent residents, Ottawa has a target of 485,000 new immigrants, rising to 500,000 in both 2025 and 2026. warnings from economists about the housing market becoming even less affordable

“That creates a generational structural opportunity for delivering travel to those new entrants, for business, for pleasure, for going back home, visiting family and friends,” Air Canada chief financial officer John Di Bert told an audience at a Bank of America Securities conference earlier this month. “We have about half a million new Canadian entrants per year, on a 40-million citizen country. That’s not an immaterial number.

“What you want to do is focus on where immigrants spend their money,” he added. “They’re not going to be flying anywhere. They’re not going to be dining out at fancy restaurants. They won’t be going to the movies. Discretionary purchases are not going to come until later on, when they develop a recurring revenue stream."Assuming new arrivals to Canada are more likely to rent than own property, he adds the Canadian Apartment Properties Real Estate Investment Trust on a budget.

The flagship ARKK ETF is holding onto three stocks that are down more than 90% since Cathie Wood's initial purchase.Forget Magnificent Seven: Hedge Funds are Pouring Money Into This Utility Stock to Cash In On AI Boom

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 47. in BR

Brasil Últimas Notícias, Brasil Manchetes