My house has no shortage of the pitter-patter of tiny feet. However, one of those feet climbed into my bed at 4 a.m. and kept moving said feet around for an hour. So I am all out of witty repartee this morning. Let’s get down to business.Futures are lower after a brutal sell off yesterday. The TSX posted its worst single day since March, the Nasdaq the worst since February and the S&P 500 worst since April. Today we sit under a firehose of earnings.
Shares of Nutrien could weigh on the TSX this morning. Sales and profit missed expectations and the company cut its profit forecast for the year. We all know why: lower fertilizer prices, the B.C. port strike and drought conditions. But the company unveiled a sweeping set of new cost control measures and free-cash enhancements. We will see if that brings comfort to investors.