Canada's 'super strong' immigration boom could boost these TSX-listed stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 29 2024
0mins
Source: Yahoo Finance
- Canada's Population Growth: Canada is experiencing a surge in population growth driven by high levels of immigration, prompting concerns about housing affordability.
- Impact on Stock Market: Major Canadian companies are strategizing to benefit from the influx of new immigrants, with plans to capitalize on this demographic shift.
- Economic Opportunities: Executives from various sectors like airlines, dollar store chains, and telecom giants are discussing business opportunities presented by the growing population.
- Stock Picks for Immigration Boom: Economist David Rosenberg suggests focusing on sectors where immigrants spend money, recommending stocks like Dollarama, grocery chains, and real estate investment trusts.
- Bank of Canada's Caution: The Bank of Canada warns against generalizations regarding the economic impact of new arrivals, highlighting potential shifts in consumption patterns and savings behavior.
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Analyst Views on QSR
Wall Street analysts forecast QSR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QSR is 77.47 USD with a low forecast of 65.00 USD and a high forecast of 86.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
11 Buy
8 Hold
1 Sell
Moderate Buy
Current: 70.900
Low
65.00
Averages
77.47
High
86.00
Current: 70.900
Low
65.00
Averages
77.47
High
86.00
About QSR
Restaurant Brands International Inc. is a quick-service restaurant company. It franchises and operates quick-service restaurants serving coffee and other beverage and food products. Its segments include Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), Firehouse Subs (FHS), International (INTL) and Restaurant Holdings. Tim Hortons is a coffee and baked goods restaurant chain in North America. Tim Hortons restaurants also serve a variety of hot and cold specialty beverages alongside breakfast, lunch and dinner offerings, including sandwiches, wraps, flatbread pizzas, and more. Burger King is a quick-service hamburger restaurant chain and is Home of the Whopper. Burger King restaurants feature flame-grilled hamburgers, chicken and other specialty sandwiches. Popeyes is a quick-service chicken concept, and delivers guests a Louisiana-style menu featuring fried bone-in chicken, chicken sandwiches, chicken tenders, wings, fried shrimp and regional items.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Bitcoin Rebound: Bitcoin rebounded above $70,000 on Friday, recovering from a sharp drop that nearly brought it below $60,000, reflecting a renewed confidence in the cryptocurrency market, although it remains over 50% off its all-time high.
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- Expansion Plans: The partnership aims to increase the number of Burger King restaurants in China from about 1,250 to over 4,000 by 2035, reflecting confidence in the long-term growth potential of the Chinese market.
- Brand and Market Synergy: This collaboration combines Burger King's globally recognized brand with CPE's local market expertise, aiming to enhance the brand's performance in China, particularly after previous underperformance, indicating the necessity for strategic adjustments.
- Future Development Strategy: CEO Josh Kobza emphasized that CPE's involvement will enhance food quality, restaurant execution, and brand relevance, thereby laying the groundwork for establishing a high-quality, sustainable business for Burger King in China.
See More
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- Investment Scale: CPE has injected $350 million of primary capital into the joint venture for Burger King China, aiming to expand the restaurant count from approximately 1,250 today to over 4,000 by 2035, reflecting strong confidence and long-term commitment to the Chinese market.
- Market Strategy: In this joint venture, CPE owns about 83% of the business while Restaurant Brands International (RBI) retains a 17% minority stake and a board seat, combining Burger King's global brand power with CPE's local market expertise to accelerate growth and enhance customer experience.
- Development Agreement: A wholly owned affiliate of Burger King China has entered into a 20-year master development agreement, granting exclusive rights to develop the Burger King brand in China, laying a solid foundation for future expansion and ensuring sustained brand growth.
- Sustainable Growth Goals: RBI CEO Josh Kobza stated that Burger King China's strategy will focus on food quality, restaurant execution, and brand relevance, with expectations for sustainable same-store sales growth, further solidifying its position in the global market.
See More
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- Significant Investment: CPE has injected $350 million into the joint venture for Burger King China, aiming to increase the restaurant count from 1,250 to over 4,000 by 2035, reflecting strong confidence and commitment to the Chinese market.
- Market Share Enhancement: With CPE owning approximately 83% of the joint venture and RBI retaining a 17% minority stake and a board seat, the partnership is expected to accelerate Burger King's market penetration and brand influence in China by leveraging both parties' strengths.
- Long-Term Development Strategy: Burger King China has entered into a 20-year master development agreement with CPE, granting exclusive rights for brand development in China, aiming for sustainable same-store sales growth through a continued focus on food quality and brand relevance.
- Global Growth Potential: RBI CEO Josh Kobza stated that China represents a crucial growth market for Burger King globally, and with CPE as a partner, the brand is well-positioned to build a high-quality, sustainable business, further advancing its global expansion strategy.
See More
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- Deepened Strategic Partnership: With CPE owning about 83% of Burger King China and RBI retaining a 17% minority stake along with a board seat, this collaboration combines Burger King's global brand power with CPE's local market expertise to drive business growth.
- Long-Term Development Agreement: A wholly owned affiliate of Burger King China has signed a 20-year master development agreement, granting exclusive rights to develop the Burger King brand in China, further solidifying its market position and enhancing brand sustainability.
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