Sienna Senior Living Inc LWSCF

Primary Symbol: T.SIA

Healthcare

Sienna Senior Living Inc. is a Canada-based senior living provider. The Company offers a full range of senior living options, including independent living (IL), assisted living (AL) and memory care (MC) under its Aspira retirement brand, long-term care (LTC), and specialized programs and services. The Company owns and operates senior living residences in the Provinces of British Columbia, Saskatchewan and Ontario. The Company owns and operates a total of approximately 82 senior living residences: 40 retirement residences (RRs) (including the Company's 50% joint venture interest in 12 residences in Ontario and Saskatchewan); 34 LTC communities; and eight senior living residences providing both private-pay IL/AL and funded LTC (including the Company's joint ownership in two residences in British Columbia). The Company also provides management services to an additional 12 senior living residences in the Provinces of British Columbia, Ontario and Alberta.

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Sienna Senior Living Inc > Covid 19 and Sienna Preparedness

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Comment by flamingogoldon Sep 11, 2023 5:00pm

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Post# 35630214

RE:RE:RE:RE:Covid 19 and Sienna Preparedness

GIC interest income is the worst kind and is fully taxable at your marginal rate. Plus, the funds are locked in. The spread is just not wide enough to make them juicy to own except for the most risk averse crowd.

I believe the FED/BoC will end their tightening after another 1/4 - 1/2 pt which will slow the economy very close to their desired 2% inflation target. This will be the pivot and set the stage for cash to move back into the market, except of course for those that are stuck in GiCs