Hope nobody here got sucked in to sellingShorted down heavily and panicked a bunch of suckers into selling. Now its close to earnings and they've all covered and let it go right back up. Timing of the fed cuts worked out perfectly for them.
I fully expect a good Q4 report in less than 2 weeks. It may not be a barn burner comparison since the previous year had a good Q4 but it should look a lot better than what the banks are reporting. ETC warned that they will take a writedown on Quebecor preferreds. I hope HCG doesn't have any but it wouldn't shock me to see some minor writedowns of that nature.
Going forward, weak Ontario economy hurts us but lower interest rates and reduced competition helps us.