So far companies have been relatively quiet when it comes to guidance on earnings, noted Taylor.
Aritzia’s earnings reported Thursday are a good example of the difficulties some companies have been facing with inventory and demand amid geopolitical volatility, Marks said.Story continues below advertisement “We know based on the backward looking data consumer demand has held up fairly well in Q4 of last year, so I would imagine, given that the bar has been lowered heading into the earning season, that results could be decent,” he said.Interest rate hikes depend on ‘fundamental uncertainties’ in year ahead, Bank of Canada governor warns
“I think that the earnings risk is clearly ahead of us,” he said. “I don’t think it’s fully factored in, in the current consensus estimates.”Story continues below advertisement
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