Earnings
April 2, 2020 - QBR.B
New! Quebecor Inc. -2019 Earnings, Price Target Forecast .....
April 1, 2020 - CPX
New! Capital Power Corp - 2019 Earnings, Price Target Update .....
March 28, 2020 - RSI
Rogers Sugar Inc. Q1-2020 Earnings, Price Target Update .....
March 27, 2020 - SU
Suncor Energy Inc. 2019 Earnings. 2020 Price Target .....
March 25, 2020 - CNQ
Canadian Natural Resources Ltd 2019 Earnings, Price Target .....
March 25, 2020 - IMO
Imperial Oil Ltd, 2019 Earnings, 2020 Forecast .....
March 22, 2020 - NWC
North West Company - 2019 Earnings, Price Target Forecast .....
March 21, 2020 - NTR
Nutrien Inc - 2019 Earnings, Price Target Update .....
Recommendation Changes
QBR.B, AW.UN, CPX, SU, CNQ, more...

Patiently Waiting for the Bottom- Earnings: NWC, NTR, NVU, CU, Preferred Shares

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Picking up where we left off last week, markets have added to losses in response to the negative economic impact of the Coronavirus. The state of panic in markets, that is supposed to be the ultimate buy signal is still a true indicator, it just lacks precision. The coronavirus pandemic may yet prove to be more damaging to values than the banking and credit collapse that triggered the Global Financial Crisis.

Before explaining the reasons this could happen, some comments on earnings and companies that will survive in the longer term. It has been noted in a previous update, that forecasting earnings and share prices has become exceedingly difficult given the uncertainty about future earnings. The longer the coronavirus event remains, the more earnings will suffer. This is not something normal, like a drop in revenues from increased competition, or a fire at a production facility.

There are large sectors of the economy where businesses are completely shut down. The doors are closed. The early signs of this are the swelling number of unemployment claims. These will significantly reduce both personal and corporate government tax revenues.

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