Bleak Q1 results outlook may mask market upside
April 20th, 2013
ANALYSIS: Corporate Canada looks set to post lackluster first-quarter results, but lowered expectations and a sharp selloff earlier this week may set the stage for near-term share price gains.
Earnings beats and any optimistic outlooks are now more likely to provide a boost when some of the biggest companies start reporting next week.
"It's the magic of low expectations," said CIBC World Ma ...
