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Canada Inc. Reports a Cloudy Outlook, and Stocks Still Rise
- Profit expectations have slumped to 2016 levels on virus hit
- TSX composite index rises for a seventh straight week
Air Canada aircraft sit on the tarmac at Toronto Pearson International Airport in Toronto, Ontario, Canada, on April 8.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
After weeks of wondering how corporate Canada fared in the early days of the Covid-19 pandemic, investors finally got a proper look under the hood.
Senior executives spoke about the impact. Some described the future as too hard to predict. Others tried to identify parallels and differences with the financial crisis.