A Smart Choice for Potential Value and Income
Written by Puja Tayal at The Motley Fool Canada
BCE (TSX:BCE) stock continued its downtrend, falling 8.8% between April 2 and 8, when the TSX Composite Index fell 11.1%. The telecom stock has fallen to a 15-year low. I won’t be surprised if the stock hits its 2009 low of around $21–$24. The massive scale of U.S. tariffs on all trade partners has increased the fears of a recession.
BCE won’t be directly impacted by tariffs, as it earns most of its revenues by serving Canadians. However, it is exposed to indirect impacts. For instance, the depreciation of the Canadian dollar could make BCE’s acquisition of American fibre-optic internet provider Ziply Fiber expensive. Moreover, tariffs could…
