OTCQX:NTGSF - Post by User
Comment by
Freezerburnon Apr 23, 2020 2:14pm
106 Views
Post# 30945886
RE:Can we try to be constructive ?
RE:Can we try to be constructive ? Think about this.. Canadian REITs are reporting that 95% of residential and office tenants are paying rent or at least making arrangements for deferrals etc. Retail tenant defaults are as high as 57%. Of that 57%, 75% are american retailers like Staples that are paying no rent, nor arranging deferrals and some not even answering the phone.
Canada is going to be up and operating again long before the US, that seems determined to do a double crash. The border could be closed for a long time because of the US inability to contain the virus.
What's the Canadian retail market and trade in general going to look like? Joe's Office Supplies?
Why not.
The oil market will be destroyed. Canada could produce and consume all its own and never trade oil again.