November 5, 2012 Comments

This week starts out with Toronto down very slightly and The Dow up slightly. Toll Brothers was up 3.7% today to $33.39. I had said I would consider buying back some of what I sold a while back at higher prices if it gets down to $31. Obviously, I may not get that chance.

Perhaps the big excitement for the market this week will come on Wednesday after we see the election results.

Canadian Tire will release earnings on Thursday and I am eager to see that. I don’t see why they would not have had a good quarter, but one never knows.

Melcor is scheduled to release earnings tomorrow, Tuesday. My guess is that they will have had a good quarter. But apparently new home permits were down in September and so perhaps they will be a bit cautious in their outlook.