Q: Good evening, how do you view these two stocks in light of upcoming tightening of immigration to Canada? Would this be a positive or a negative? And in Propel's case, would it be outweighed by attempts at international growth? Buy, hold, sell? Thank you!
5i Research Answer:
If population declines, then of course there is a smaller pool of potential customers. But, this impact might be offset by lower interest rates, if they continue to decline. PRL has not been public very long, but GSY has managed to grow more or less continuously through all sorts of population, economic and political and policy shifts. PRL is growing faster and has more US exposure, so could also be somewhat immune here. We would consider both BUYS today.