03:39:06 EDT Fri 09 May 2025
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GFL Environmental Inc
Symbol GFL
Shares Issued 381,570,455
Close 2025-04-04 C$ 63.67
Market Cap C$ 24,294,590,870
Recent Sedar Documents

Globe says GFL, others possible trade war winners

2025-04-07 08:59 ET - In the News

Also In the News (C-ALA) AltaGas Ltd
Also In the News (C-ENB) Enbridge Inc
Also In the News (C-PPL) Pembina Pipeline Corp
Also In the News (C-TRP) TC Energy Corp
Also In the News (C-WCN) Waste Connections Inc

The Globe and Mail reports in its Saturday, April 5, edition that while broader global markets were down last week, analysts and money managers believe some stocks and sectors will outperform this trade war and the economic fallout that is expected to follow. The Globe's Brenda Bouw writes that CIBC Asset Management manager Craig Jerusalim says, "Sectors that can continue to grow through an economic slowdown are particularly attractive right now." He points to the waste sector, including companies such as GFL Environmental and Waste Connections as "particularly well-suited to handle economic uncertainty" because they are essential services -- garbage collection and recycling -- that people will need regardless of the economic environment. As well, because they operate in local markets, they are largely unaffected by tariffs, he says. Mr. Jerusalim believes large pipelines such as Enbridge and TC Energy are also well insulated from market uncertainty since their volumes and pricing are on guaranteed contracts. "Additionally, their attractive dividend yields provide an additional layer of resiliency and comfort to nervous investors," he says. Newhaven manager Rebecca Teltscher likes energy infrastructure firms such as Pembina Pipeline and AltaGas.

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