April 27, 2016

On Wednesday, the S&P 500 was up 0.2% and Toronto was up 0.6%.

Oil is at $45.24.

AutoCanada was up 2.8%.

The former Valeant CEO faced the hotseat in Washington today. It is remarkable that this industry which was unregulated as to price in the United States despite the monopoly nature of some of its products basically abused that position so blatantly that they clearly risk price regulation being imposed. I found much not to like about Valeant (tax dodging one for one, basically pretending to be a Canadian company for another) and that was before I knew about the price gouging.