April 12, 2016

On Tuesday, the S&P 500 was up 1.0% and Toronto was up 1.2%.

Oil finished at just over $42 and the Canadian dollar is at 78.4 U.S. cents.

Canadian Western Bank was up 3.0% and AutoCanada was up 3.7%.

I received my proxy documents today from Bombardier and promptly voted my shares against all of the long-serving directors. It is REALLY easy to vote online and I hope more owners vote this year. While the controlling family has enough votes to get their way, it is still worth while to vote even the B shares. The more votes that are withheld the louder a message is sent. There was a shareholder resolution to have Bombardier report the results of the B-shares vote separately but the Board was unwilling to recommend it.