August 31, 2017 8:20 am eastern

On Wednesday, the S&P 500 was up 0.5% and Toronto was up 0.3%.

Canadian Western Bank was up 2.1% to $28.69. This morning it has reported a very strong Q3 with adjusted earnings per share up 15%. The only negative I saw was gross impaired loans had increased but they indicated that his was as expected and previously forecast. The provision for bad loans was down which is positive. I would expect this stock to continue to do well. Earnings are up and in addition it is trending back to trading at a higher multiple of book value. CWB also raised its dividend by 4%.

 

TFI International was up 1.6% and continues to be a long term winning company.

Penny stock Ceapro was up another 6 cents or 10%. Presumably, some investors feel that its recent plunge was over done. But I expect this one to continue to be volatile and it is a speculative stock.

I had said that Couche-Tard was reporting on Tuesday. Actually, I now see that it will report on September 6.