Markets were down somewhat on Tuesday as the S&P 500 and Toronto each fell 3.1%.
Futures at the moment suggest the markets will open slightly higher on Wednesday morning.
After the close TFI International reported Q1 earnings and gave an update for the current situation. Not much detail was provided about the current situation but they listed some cost-cutting initiatives which indicates their business has declined. They haul a lot to various retailers so it is not surprising that their business is down. A conference call tomorrow, before the open of trading will likely yield more details.
RioCan released some details about it current situation. While they withdrew guidance they also focused on their balance sheet strength and indicated they don’t expect to lose much rent although some will be deferred.