April 20, 2016

On Wednesday, the S&P 500 was up 0.1% and Toronto was up 0.3%.

It was a better day than that for some of our Stock Picks.

Canadian Western Bank was up 5.0% to $28.90. This stock bottomed at $19.26 earlier this year. AutoCanada was up 4.7%. Canadian Tire was up 3.3% and Bank of America was up 3.3%.

Bombardier was also up. Up 5.4%. Reports indicate that the Federal government wants job guarantees in return for an investment. That’s just great, hobble the company with higher labour costs. That will pretty well doom the company. Better to have fewer jobs at a viable Bombardier than to insure the company remains non-viable by hobbling it.