Earnings
December 2, 2020 - BNS
New! Bank of Nova Scotia 2020 yr end Earnings & Price Target Update .....
November 29, 2020 - LIF
Labrador Iron Ore Royalty Corp. Q3-2020 Earnings, Price Target Update .....
November 27, 2020 - CPX
Capital Power Corp - Q3-2020 Earnings, Price Target Update .....
November 26, 2020 - INE
Innergex Renewable Energy Inc. Q3-2020 Earnings, Price Target Update .....
November 25, 2020 - AQN
Algonquin Power & Utilities Corp. Q3-2020 Earnings, Price Target Update .....
November 22, 2020 - TOU
Tourmaline Oil Corp. Q3-2020 Earnings, Price Target .....
November 22, 2020 - IMO
Imperial Oil Ltd, Q3-2020 Earnings, 2020 Forecast .....
November 22, 2020 - SU
Suncor Energy Inc. Q3-2020 Earnings, Price Target Update .....
Recommendation Changes
INE, IMO, CNQ, RPI.UN, EIF, more...

Living with COVID V.2 - Earnings: SU, SJR, RCI, CNR, CHP, Preferred Shares

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In response to the COVID crisis, governments and central banks worldwide have boosted fiscal and monetary stimulus into the trillions. The US government is on the cusp of approving another $1T; the European Union has recently approved a similar amount. This approach has to date been successful, the V shaped recovery is enduring.

The strategy behind all the government support was initially to buy time while preventive measures and a natural burnout of the virus brought the situation to a close. The negative impact of the virus began to show in the last two weeks earnings for March, having had little actual impact on Q1-2020 earnings. It did cause many companies to stop issuing earnings guidance with Q1 earnings reports.

Learning from the Global Financial Crisis, governments have been quick to the rescue; markets rallied in expectation the messy situation would be short lived. Earnings for Q2 ending Jun-30-2020 now include the first full quarter of life with the virus. The earnings variances for Q2 confirm what markets expected from a sneak preview for the last two weeks of March.

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