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Although Bank of Canada governor Stephen Poloz views exchange-rate driven inflation as "non-fundamental", a devalued currency is unambiguously fundamental for shareholders of Dollarama Inc. While the company grew EPS by 27 per cent last fiscal year, gross margins dropped mainly due to the depreciation of the dollar. Time will tell if the loonie's March's dip below 78 cents (U.S.) marks the low point in the currency's descent. If it does, Dollarama could benefit. So far in April, two insiders at Dollarama have spent $378,479 buying shares in the public market.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.