Markets were lower on Friday as the S&P 500 was down 0.6% and Toronto was down 0.1%.
AutoCanada was up 2.6%.
The Melcor REIT was down 9.1% to $3.50.
Looking at AECON Group’s Q2 report there was an interesting aspect regard the 75% federal wage subsidy. They are applying for it but do not yet have an estimate of what they will get. Whatever they are elegible for in Q2 would be added to Q3 income. This could be a huge benefit to some companies.
The U.S. government is now debating extensions to certain wage subsidies . The outcome of this could be a driver for the market direction this week. The market will want more stimulus and a continuation of support for the unemployed.