April 12, 2012 Comments

Most everything was up today, the Dow was up 1.4%, Toronto up 1.6%.

Canadian Tire was up 1.6% and sits at a 52 week high. Earnings season continues tomorrow with J P Morgan and Wells Fargo which I suspect will report good numbers. More important will be what they say about the outlook. Most everything that was down a few percent a few days ago has recovered it seems. Never a dull moment it seems.

Cogeco cable in Ontario reported lower profits due to faster write-offs (depreciation) on set top boxes. Possibly the same thing will be true for Shaw Communications. In any event we will know tomorrow (Friday) morning.