February 3, 2015 Comments

Tuesday was another good day for stocks.

The S&P 500 was up 1.4% and Toronto was up 1.1%.

Stocks on our list that gained the most today were Canadian Western bank up another 5.6%, Stantec up 4.0%, Costco up 5.3%!, and the oilsands ETF, CLO, up 5.7%.

Interestingly, Canadian Tire was one of the few on the decline, down 1.5% and Couche-Tard was down 4.9%. (I have been wondering how gasoline margins are going to fare. With the price of gas down I think most drivers are paying more attention and –paradoxically — shopping around more than normal and that could push margins down. Gasoline margins have been unusually high for some time and I would think at some point we would get a bad quarter for these margins.)

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