August 2, 2016

On Tuesday, the S&P 500 was down 0.6% and Toronto was down 0.7%.

Oil closed at $39.50.

Almost all the stocks on our list were down.

July was a very strong month for stocks and it is not surprising to see markets move in the other direction.

I am looking forward now to Q3 earnings reports on Thursday from AutoCanada and Stantec. Melcor and Boston Pizza report next week.