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Stock impact report

3 Canadian Stocks That Are Winning as the Loonie Falters [Yahoo! Finance Canada]

Cenovus Energy Inc (CVE) 
Last cenovus energy inc earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: cenovus.com/disclaimerir
The Canadian dollar has fallen to around US$0.72, pressured by a stronger U.S. dollar, elevated U.S. interest rates, and geopolitical uncertainty that continues to drive safe-haven demand for the greenback. It's not all bad: For Canadian investors, it opens an opportunity. Companies that earn in U.S. dollars while carrying a meaningful cost base in Canada are already seeing the tailwind flow through their results. The best-positioned businesses have U.S.-dollar revenue without the offsetting drag of currency-sensitive costs or U.S.-dollar debt that eats the benefit. Three stocks on the TSX fit that profile today. Bombardier: U.S.-Dollar Revenue, Canadian Cost Base, Currency Tailwind Already Running Bombardier TSX:BBD.B ) focuses on business jets and aftermarket services — a market that runs almost entirely in U.S. dollars. When the loonie slides, Bombardier's Canadian-dollar costs become relatively cheaper while its U.S.-dollar revenues convert into more Canadian dollars. That's Show less Read more
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