Bay Street: Canada auto parts makers cheap, but risky

Newswire

(In U.S. dollars, unless noted) By John McCrank TORONTO, March 29 (Reuters) - Beaten down shares of Canadian auto parts makers may offer outsized rewards for those with a long time horizon, but investors would be wise to wait to see what the future holds for the big U.S. automakers. Analysts said balance sheets are key and noted firms have stockpiled cash in anticipation of an extended downturn. Major players in the Canadian industry include Magna International Inc , Martinrea ...

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