Desjardins Securities Daily Pulse Re: WestJet
Good Afternoon All:
This just came in from Desjardins Securities on WestJet:
December 7, 2012
Canada
Demand for REITs insatiable as investors chase higher returns. The best year on record for Canadian publiclytraded real estate just keeps getting better.
Canadian banks ring up hefty profits as consumer lending boom continues. Stratospheric consumer borrowing is a worry for policymakers but so far it’s been nothing but good news for Canadian banks.
WestJet looking to cut costs as ‘cushion’ over Air Canada shrinks.
WestJet has long boasted a 30% cost advantage over Air Canada, but WestJet’s chief executive Gregg Saretsky said that has shrunk considerably.