April 24, 2018

On Monday, the S&P 500 was about unchanged and Toronto was up 0.4%.

Couche-Tard was up 2.4%.

TFI Industries was up an additional 1.65%.

Penny Stock Ceapro bounced up 8.7% mostly recovering Friday’s decline.

Statistics Canada reported a decline in wholesale trade of 0.8% for February versus January. This would be seasonally adjusted and account for the fewer days in February. That is, the decline was not caused by seasonality or the fewer days, those items are already adjusted for. However there was growth of 5.0% year over year and 6.3% in Alberta. I am not sure that we should read much into this. The process of reporting these numbers and certainly the seasonal adjustment is subject to error. I would wait for next month’s figures before concluding that the growth trend has really changed. Still, it seems like there has been a few soft reports related to February.