Canadian Exporters with FX Tailwinds Ride Trade Tensions

The trade tensions between Canada and the US have created opportunities for exporters with FX tailwinds. Three Canadian exporter stocks, Methanex (TSX:MX), MDA Space (TSX:MDA), and 5N Plus (TSX:VNP), are highlighted as having a market value of CA$6.8b, CA$6.5b, and CA$2.4b respectively.

Methanex is a Vancouver headquartered producer that manufactures and sells methanol and ammonia to chemical and petrochemical customers worldwide. It generates about US$4.3b from the production and sale of methanol and has international US dollar revenue.

MDA Space gives this FX tailwind screen a different flavor, with export-heavy satellite and robotics programs that lean on foreign currency contracts and link Canadian engineering directly to demand from governments and commercial operators across several regions.