April 19, 2016

On Tuesday, the S&P 500 was up 0.3% and Toronto was up 1.1%.

Canadian Western Bank was up 6.6%. I am not aware of any news from the company but some analysts may have concluded it was under valued.

Bombardier, which is a volatile “penny stock” was up 5.1%.

Oil was down slightly after hours but generally has held in well. It may be that the low prices have resulted in lower production. The old adage is that the best cure for low commodity prices is low commodity prices. It works the other way too. High oil prices cured themselves by attracting massive investment and production increases in the U.S. and Canada and probably throughout the world.