Q: Lots of press this morning on calls for a much weaker CAD going forward - some forecasting into the low 60's. In the case of prolonged weakness would it be safe to assume that Canadian companies that generate most of their income from foreign operations are "hedged" (companies like MG and BIP.UN for example). In other words - as CAD weakens their CAD translated income and cashflow increases which should lead to higher share prices on the TSX.
Thanks
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