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Stock impact report

How I'd Invest $50,000 of TFSA Cash to Protect Against Currency Risks [Yahoo! Finance Canada]

Cameco Corporation (CCJ) 
Last cameco corporation earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: cameco.com/invest
Putting $50,000 into your Tax-Free Savings Account (TFSA) is a super smart way to grow your money without worrying about taxes later! Now, to protect your savings from the ups and downs of the Canadian dollar compared to the U.S. dollar, it's a good idea to think about Canadian companies that make a lot of their money in U.S. dollars. This acts like a natural shield , because if the U.S. dollar gets stronger, earnings in those dollars can help make up for a weaker Canadian dollar. Here are five companies listed on the TSX that fit this bill. Cameco Cameco TSX:CCO ) is a big shot in the uranium world, with mines in Canada and the U.S. Because uranium is often priced and sold in U.S. dollars, a good chunk of Cameco's earnings come in that stronger currency. In its 2024 yearly report, Cameco said net earnings were $172 million, and adjusted net earnings were $292 million. It also brought in $905 million in cash from operations. The uranium producer's adjusted earnings before inter Show less Read more
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