Dean Orrico, fund manager of Middlefield Canadian Income (MCT) says Canada’s energy, financial and property companies are seeing earnings accelerate at a point the cycle when its equities have historically done well.
This is the second of four excerpts from our recent virtual event with Middlefield. You can watch the first, ‘Why Canada?’ here or replay the whole ‘Big Broadcast’ here.
Can’t watch now? Read the transcript
Dean Orrico:
‘In Canada we’re actually seeing an earnings pickup. So, as we show on this slide, we’re seeing EPS [earnings per share] growth expectations of about 15%, 20% just over the next two years. So, the companies that we own, whether they be energy, whether they be our financials, whether they be real estate, which Rob’s going to talk about in more detail, the earnings profile is actually really accelerating here. You’re getting that with relatively low valuations. I think this whole…
