US Dollar Lower Yet – Earnings: KEG, BPF, PZA, BEI, BRE, Preferred Shares
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The downtrend for the US dollar beginning with Nov-2016 US election results is carrying over into the second half of 2017. The US dollar has fallen compared to every major world currency on average by 7.3% according to our tracking of 9 major global currencies. The decline has been steep since the start of the year. The possible reasons and the outlook from this big shift in currency values are explored along with the impact on earnings, in this week's commentary.
Earnings updates includes The Keg Royalties Income Fund(KEG), Boston Pizza Royalties Income Fund(BPF), Pizza Pizza Royalty Corp. (PZA), Boardwalk REIT(BEI.UN), and Brookfield Real Estate Services Inc.(BRE). As well, summarized comments on preferred shares price changes for last week are provided.
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