RE:RE:Covid 19 and Sienna PreparednessNot sure that interest rates have that much of an impact on Sienna at least.
Sienna has already renegotiated their loans that came up for renewal this year at under 4% with CMHC.
Their next loan won't come up for renewal until late next year, so current rate climate shouldn't have any impact on Sienna. By late next year, we should hopefully be seeing lower rates, but we won't be seeing next to zero interest rates for a very long time, if ever again, IMO.
More of a concern for any Healthcare oriented business will be disease, and there have already been some deaths attributed to Covid 19 at Extendicare in Ottawa.
Hopefully, the spread will be minimal, and no lockdowns needed, because that would be disastrous on the economy as a whole. Doubt we'll have to get to that point.